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 $ 300,000 $ 432,000 384,000 $ 816,000 $ 400,000 $ 576,000 384,000 $ 960,000 $ 500,000 $ 720,000 384,000 $ 1,104,000 Whitlock expects to spend $400,000 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 Materials Supplies Materials and supplies requisitioned for production Job WM-52 Job WM-53 Job WM-54 Supplies $ 2,600 13,500 28,100 $ 33,800 3,800 $ 11,300 9,400 6,400 1,500 $ 28,000 Factory direct labor-hours (DLH) Job WM-52 Job WM-531 Job WM-54 Labor costs 900 DLH 750 DLH 500 DLH Direct labor wages (all hours @ $22.00) 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 $ 47,300 8,000 9,000 $ 22,500 10,500 $ 12,000 8,500 11,500 $ 32,000 Required: a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during m year. (Note: Regardless of your answer to requirement (a), assume that the predetermined overhead rate is 225% of direct materials com 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. 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 [, 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: Under applied overhead Work-in-process inventory Finished goods inventory Cost of goods sold $ 48,000 19,800 176,300 1,803,900 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.