Whitlock Manufacturing uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct materials costs to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows: Direct materials costs Variable overhead costs Fixed overhead costs Total overhead $ 315,000 $ 453,600 384,000 $ 837,600 $ 409,000 $ 597,600 384,000 $ 515,000 $ 741,600 384,000 $ 981,600 $ 1,125,600 Whitlock expects to spend $409,000 in direct materials costs over the entire year. The following information is for May, when Jobs WM-52 and WM-53 were completed: Inventories, May 1 Materials and supplies Work in process (Job WM-52) Finished goods Purchases of materials and supplies $ 2,800 14,500 29,100 Materials Supplies Materials and supplies requisitioned for production Job WM-52 Job WM-52 Job WM-54 $ 34,800 4,000 $ 12,300 9,600 Supplies Factory direct labor-hours (DLH) Job WM-52 900 DLH Job WM-53 750 DLH Job WM-54 500 DLH Labor costs 6,600 1,700 $ 30,200 Direct labor wages (all hours @ $24.00) Indirect labor wages (500 hours) Supervisory salaries Building occupancy costs (heat, light, depreciation, etc.) Factory facilities Sales and administrative offices Factory equipment costs Power Repairs and maintenance Other $ 51,600 8,000 9,200 $ 23,500 11,500 $ 13,000 8,700 12,500 $ 34,200 Required: a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to Individual jobs during the year. (Note: Regardless of your answer to requirement [a], assume that the predetermined overhead rate is 225% of direct materials cost. Use this rate in answering requirements [b] through [f, as needed.) b. Compute the total cost of Job WM-52 when it is finished. c. How much of factory overhead cost was applied to Job WM-54 during May? d. What total amount of overhead was applied to jobs during May? e. Compute actual factory overhead incurred during May. f. At the end of the year, Whitlock Manufacturing had the following account balances: Underapplied overhead Work-in-process inventory Finished goods inventory Cost of goods sold $ 50,000 21,800 186,300 1,833,900 Assuming that the underapplied overhead is not material, show the new account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the year. Predetermined overhead rate % of direct materials Required A Required R Required A Required B Required C Required D Required E Required F Compute the total cost of Job WM-52 when it is finished. The total cost of Job WM-52 Required A Required B Required C Required D Required E Required F How much of factory overhead cost was applied to Job WM-54 during May? Factory overhead cost of Job WM-54 Required A Required B Required C Required D Required E Required F What total amount of overhead was applied to jobs during May? Total amount of overhead Required A Required B Required C Required D Compute actual factory overhead incurred during May. Actual factory overhead incurred Required E Required F Required A Required B Required C Required D Required E Required F Assuming that the underapplied overhead is not material, show the new account balances in the following table. Underapplied overhead Work-in-process inventory Finished goods inventory Cost of goods sold < Required E Required F >