Washburn Company produces earbuds. During the year, manufacturing overhead costs were $244,000. Machine usage was 2,500 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours.

Compute the predetermined overhead rate.(Round answer to 2 decimal places, e.g. 5.25.)

Predetermined overhead rate$

Determine the amount of overhead to allocate to Job No. 551.(Round answer to 0 decimal places, e.g. 5,275.)

Overhead assigned$

Prepare the entry to assign overhead to Job No. 551 on January 15.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answer to 0 decimal place, e.g. 55.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 15

(To assign overhead to jobs)