Work in Process 4900 11 Factory Overhead Actual Applied 6,800 DM Score: ALT-JOB-COST-SHEET 0 1 0 0 DL FO BALANCE OF WIP IS ALWAYS EQUAL TO THE SUM OF THE JOB COST SHEETS 0 Choose Exercise (1-2) 1 1 under/over 6800 4900 overapplied overhead Job 102 Job 101 Description: 100 red ties Job 103 Description: 120 blue ties Description: 80 green ties Carlin Manufacturing manufactures fancy ties for men and women. Various cloth types and colors are purchased, along with thread and lining. The factory employees assemble the ties and use sewing machi 1 to finish them. The workers are paid by the hour. 1 DM 1 1 DL DM DL FO Total Job Cost Cost Per Unit 1,400 2,000 1,600 $5,000.00 $50.00 1,280 2,300 1,8401 1 1 DM 1 DL 1 FO Total Job Cost 2,040 2,400 1,9201 $6,360.00 $53.00 1 FO Total Job Cost Cost Per Unit At the beginning of the month of January, Carlin estimated that the factory overhead for the entire year would be $120,000. $5,420.00 $67.75 Cost Per Unit Additionally, the factory wages for the year were estimated to be $150,000. PREDETERMINED OVERHEAD RATE (POR) = ESTIMATED FO/ESTIMATED DIRECT LABOR COST Job 101: Direct materials used were $1,400 Direct labor was $2,000. Job 102: Direct materials used were $1,280 Direct labor was $2,300. Job 103: Direct materials used were $2,040 Direct labor was $2,400. The factory overhead costs for January include: Factory Supervision: $3,000 Factory Depreciation $2,000 Indirect Materials $1,000 0.8 Indirect Labor: $800 Total Actual Factory Overheac $6,800 1 What is the predetermined overhead rate