TB MC Qu. 02-120 (Algo) Dallas Company uses a job order... Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $5,040,000 (280,000 hours at $18 ihour) and that factory overhead would be $1,580,000 for the current period. At the end of the period, the records show that there had been 260,000 hours of direct labor and $1,280,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.) Multiple Choice $5.64 per direct labor hour. $6.08 per direct labor hour. $524 per direct lobor hour. $4.57 per direct labor hour $5.65 per direct labor hour. Andrew industries purchased $165.000 of raw materlals on account during the month of March. The beginning Raw Materials inventory balance was $22,000, and the materlals used to complete Jobs during the month were $141,000 direct materlals and $13,000 indirect materlals. How should Andrews record the purchase of raw materials for March? Multiple Choice Debit Raw Materials inventory $165,000 : credit Accounts Payable $165,000 Debit Work in Process Inventory \$165,000: credit Raw Materials inventory $165,000 Debit Raw Materials Inventory \$187,000; credit Cash $187,000 Debir Accounts Payable \$165,000, credt Raw Materials inventory $165,000 Debit Accounts Payable \$187,000; credit Raw Materials Inventory $187,000