see the attachment and please answer it asap. my professor is strict with format

ACCT 310 - Quiz 2 Spring 2016 Merckx & Hinault Company manufactures custom-made road bicycles for amateur cycling enthusiasts. The company has a perpetual inventory system and uses normal costing in conjunction with job-order costing. Manufacturing overhead is being applied during calendar year 2016 on a plant-wide basis using prime cost as the allocation base. Both direct and indirect materials are accounted for within raw materials inventory. Beginning work in process inventory on February 1, 2016 totaled $17,420. Two jobs, Job 311 and Job 313, were in process on that date. Selected cost data from the job cost sheets on February 1 were: Job Number 311 313 Direct Material Cost $2,400 7,000 Direct Labor Cost $1,600 2,000 Below is selected information pertaining to February 2016: 1. Material requisition forms issued during the month revealed the following: Indirect material issued totaled $1,835. Direct material costs assigned to the jobs in process during February were: Direct Material Cost $ 1,880 9,000 6,800 1,500 $19,180 Job Number 311 313 314 315 Total 2. Employee time sheets revealed the following: Indirect labor cost was $9,780. None of this cost had been paid as of the end of the month. Direct labor costs assigned to the jobs in process during the month (all of which were paid before the end of the month) were: Direct Labor Cost $3,600 2,250 4,000 1,500 $11,350 Job Number 311 313 314 315 Total 3. Jobs 311, 313, and 314 were completed during the month. Job 311 was delivered to a customer on account at a price of cost plus 45 percent. 4. Product advertising costs incurred and paid were $1,700. 5. Depreciation on production machinery was $2,500. 1 Required: 1. Determine (a) the predetermined overhead rate for 2016, and (b) the total job cost at the end of February for each of the four jobs that was in process during February. The predetermined overhead rate cannot be determined directly, but can be determined indirectly from information in the quiz. Provide, in a logical sequence, complete and neat documentation of all computations. No credit will be given for figures requiring computations unless adequate documentation of those computations is displayed within the quiz solution. Prepare the computations with either word-processing or spreadsheet computer software. 2. Make all appropriate summary general journal entries to account for the transactions that the quiz information indicates occurred during February. All journal entries must be made in good form on a single sheet of paper using complete account titles with no abbreviations. Prepare the journal entries with either word-processing or spreadsheet computer software. The quiz is due and will be collected at the beginning of class (2:20 p.m.) on Tuesday, February 23. No quizzes will be accepted before this time unless prior approval is received from and arrangements are made with the instructor. No quizzes will be accepted after the time they are collected in class. Submit a printed copy of your quiz solution rather than the computer file(s). The first page(s) of the solution should be the answers and supporting computations related to Requirement 1. The final page of your solution should be the journal entries related to Requirement 2. Use at least one-inch margins and at least a 10-point font throughout the printed version of your solution. Staple all pages together. Copying any portion of another person's computer file(s). Retain a copy of your computer file(s) until the corrected quiz is returned to you. 2