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Weinrich Manufacturing uses a job order cost system and applies overhead to Production on the basis of direct labor hours. On January 1, 2023,


Weinrich Manufacturing uses a job order cost system and applies overhead to Production on the basis of direct labor hours. On January 1, 2023, Job No. 25 was the only job in process with a cost 40,000. Estimated overhead costs are $510,000, direct labor costs are $350,000 and direct labor hours are 30,000 for the year. a. Calculate the predetermined overhead rate. b. Prepare the following entries: 1. Purchased raw materials of $68,000 on account. DR CR

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