Sorrento Products uses a job costing accounting system for its manufacturing costs. A predetermined overhead rate based on machine-hours is used to apply overhead to individual jobs. An estimate of overhead costs at different volumes was prepared for the curtent year as follows. The expected volume is 200,000 machine-hours for the entire year. The following information is for March, when Jobs 302 and 304 were completed: Retuin to question Me a. Compute the predetermined overhead rate (combined fuxed and variable) to be used to apply overhead to individual jobs during the year: this amount in answering requirements [b] through (f). as needed.) b. Compute the total cost of Job 302 when it is finished c. How much of factory overhead cost was applied to Job 305 during March? d. What total amount of overhead was applied to Jobs during March? e. Compute actual factory overhead incurted during March. 7. At the end of the year, Sorrento Products had the following account balances: Sorrento Products uses a job costing accounting system for its manufacturing costs. A predetermined overhead rate based on machine-hours is used to apply overhead to individual jobs. An estimate of overhead costs at different volumes was prepared for the curtent year as follows. The expected volume is 200,000 machine-hours for the entire year. The following information is for March, when Jobs 302 and 304 were completed: Retuin to question Me a. Compute the predetermined overhead rate (combined fuxed and variable) to be used to apply overhead to individual jobs during the year: this amount in answering requirements [b] through (f). as needed.) b. Compute the total cost of Job 302 when it is finished c. How much of factory overhead cost was applied to Job 305 during March? d. What total amount of overhead was applied to Jobs during March? e. Compute actual factory overhead incurted during March. 7. At the end of the year, Sorrento Products had the following account balances