The expected volume is 180,000 direct labor-hours for the entire year. The following informa a predetermined overhead rate based on direct labor-hours to apply overhead to individual you Kansas Company uses a job costing accounting system for its production costs. The company for Required Complete the T-accounts. of a -3) follows. Direct labor-hours Variable overhead costs. Fixed overhead costs Total overhead 150,000 $1,050,000 648,000 $1,698.000 180,000 $1,260,000 648,000 $1,908,000 210,000 $1,470,000 648,000 $2,118,000 tion is for March, when Jobs 6023 and 6024 were completed. $ 31.500 $162,000 $337,500 $405,000 $ 45,000 Inventories, March 1 Materials and supplies Work in process (Job 6023) Finished goods Purchases of materials and supplies Materials.. Supplies Materials and supplies requisitioned for production Job 6023 Job 6024 Job 6025 Supplies $135.000 112,500 76,500 18,000 $342.000 10,500 DLH 9,000 DLH 6,000 DLH Factory direct labor-hours (DLH) Job 6023 Job 6024 Job 6025 Labor costs Direct labor wages (all hours @ $8). Indirect labor wages (12,000 hours) Supervisory salaries $204,000 51,000 108,000 (continued) Factory facilities Chapter 7 Job Costing overhead to individual jobs during the year. Building occupancy costs (heat, light, depreciation, etc.) Sales and administrative offices.. $ 19,500 Factory equipment costs 7,500 Power Repairs and maintenance $ 12.000 Other.. 4,500 7,500 $ 24,000 Answer the following questions: Compute the predetermined overhead rate (combined fixed and variable) to be used to apply (Note: Regardless of your answer to requirement [a], assume that the predetermined overhead rate is $9 per direct labor-hour. Use this amount in answering requirements [b] through [e].) b. Compute the total cost of Job 6023 when it is finished. How much of factory overhead cost was applied to Job 6025 during March? What total amount of overhead was applied to jobs during March? Compute actual factory overhead incurred during March. At the end of the year, Kansas Company had the following account balances: Required c. d. e. Overapplied Overhead Cost of Goods Sold Work-in-Process Inventory Finished Goods Inventory. $ 3,000 2,940,000 114,000 246,000 How would you recommend treating the overapplied overhead, assuming that it is not material? Show the new account balances in the following table. Overapplied Overhead Cost of Goods Sold. Work-in-Process Inventory Finished Goods Inventory