You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. The company does not have indirect materials. You will keep track of the costs incurred to manufacture the tables using Job #$1$ Cost Sheet and Job #$2$ Cost Sheet. The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The total estimated manufacturing overhead costs per month is $$7500$ The company estimates that there will be $120$ direct labor hours worked during the month.You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company desi

and manufactures specialty tables. Each table is specially customized for the customer. This month, yo

Data $1$ have been asked to develop and manufacture two new tables for customers. You will design and builc

tables. The company does not have indirect materials. You will keep track of the costs incurred to

manufacture the tables using Job #$1$ Cost Sheet and Job #$2$ Cost Sheet.

The company uses a job order costing system and applies manufacturing overhead to jobs based on dir

labor hours. The total estimated manufacturing overhead costs per month is $$7,500.$ The company

estimates that there will be $120$ direct labor hours worked during the month.

$1-$ What is the predetermined overhead rate $($POHR$)?$

A

Data $2$: The cost of the direct materials that can be used to manufacture the table are as follows.

Data $3$: Assume a $$55$ per hour wage rate to the assembly employees.

The following is a list of transactions that need to be recorded for the company for activity in the mont

Step $1$ December. Record each journal entry in the "General Journal" tab of the excel file using the proper forn

Please use the following accounts:

Accounts payable

Accounts receivables

Accumulated depreciation

Manufacturing overhead

Raw materials

Depreciation expense

Finished goods

Insurance expense

Work in process

Sales revenue

Salaries and wages expense

Salaries and wages payable

Advertising expense

Cost of goods sold