V The following information was taken from the job cost sheet for Job 101 for McDonald Manufacturing Company: Date started: Date completed: December 5, 2018 January 21, 2019 Applied Factory Direct 53000Labor Overhead Total 1,500 1,500 Direct Job Date$3.00 Materials 12-05-18 12-15-18 12-17-18 12-22-18 01-01-19 01-21-19 $900 1,350 600 $450 675 300 Job 101 was sold on account on January 25, 2019, for 160 percent of its cost. Factory overhead is applied on the basis of direct labor costs. Required Prepare the journal entries to record the costs incurred for Job 101 in 2018-2019 for direct materials, direct labor, and factory overhead. Prepare the journal entry to record the completion of Job 101. What is the predetermined factory overhead rate for McDonald Manufacturing? Prepare the journal entries to record the sale of Job 101. a. b. c. d