The May 1st balances for the following accounts are: Raw Materials Inventory $ 6,500 Work in Process Inventory $ 5,400 (Job 1006 - $3,100; Job 1007 - $2,300) Finished Goods Inventory $ 0 The transactions for May are as follows: a. Purchased materials on account, $25,000. b. Issued materials to production as follows: Job 1006 - $2,700 Job 1007 - $5,500 Job 1008 - $2,300 Job 1009 - $3,800 Job 1010 - $3,000 Job 1011 - $3,700 c. Issued indirect materials to production, $5,750. d. The company processed payroll and incurred the following costs: a. The direct labor rate is $14.50 per hour. Direct labor hours (DLH) incurred are as follows: (Job 1006 140 DLH; Job 1007 56 DLH; Job 1008 305 DLH; Job 1009 75 DLH; Job 1010 125 DLH; Job 1011 310 DLH); b. Indirect factory labor, $30,800; c. Selling department salary, $10,500; d. Selling department commissions, $5, 900; e. Administrative personnel salary, $12,400. e. Incurred various actual costs on account: Depreciation on factory equipment, $10,100; Depreciation on equipment used by administrative personnel, $1,400; Factory utilities, $1,050; Corporate headquarters utilities, $450; Property Taxes on factory equipment, $5,950; Property taxes on corporate headquarters, $2,090; Maintenance, 1,150 for corporate headquarters and $7,450 for plant. f. The company uses normal costing. It allocates manufacturing overhead costs using budgeted rate per direct labor hour. Budgeted manufacturing overhead costs for the period were $610,000 and budgeted direct labor-hours were 10,000 DLHs. Calculate the predetermined overhead rate and journalize the applied manufacturing overhead cost for the period (Show your calculations). g. Completed Jobs #1006, 1007, and 1011. (Hint: you will need to determine the cost of each job see schedule of job cost.) h. Sold Jobs #1006 and #1007. Customers were billed $25,000 for Job #1006 and $44,400 for Job #1007.