Tasha Crews TC - 0 x Share Comments AutoSave H U B Document1 - Word Search File Home Insert Draw Design Layout References Mailings Review View Help The Times New Rom 12 AA Aa Ao SEAL ABCDe AaBbCcDc AaBbc AaBb AaBbc Paste B rUdb X, * A-D A 1 . 1 Normal 1 No Spa Heading 1 Heading 2 Heading 3 Clipboard Paragraph Find Select Replace I Dictate Sensitivity Styles Editing Voice Sensitivity, Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $840,000 of overhead costs and S560,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Page 1 of Focus B o - - 1 67 words Type here to search 21 Roma v 10 A A Aa no E ab X, X APA. Font I S EE Paragraph AaBbCcDc AaBbCcDc AaBbc AaBb AaBbcDb 1 Normal 1 No Spac... Heading 1 Heading 2 Heading 3 Find v Renlar Select Dictate Sens Paragraph Styles Editing Voice Sensi Storm Concert Promotions 11,800 Valle Home Builders $ 6,500 Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied 56,900 16,800 91,900 46,800 49,700 98,600 Storm Concert Promotions Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. D. Focus Type here to search