Question: 5 (7 points) Question 5 options: Entry Rules: Round your answers to the nearest PENNY (2 decimal places). Use your rounded answer in ALL subsequent

5 (7 points) Question 5 options: Entry Rules: Round your answers to the nearest PENNY (2 decimal places). Use your rounded answer in ALL subsequent calculations. Examples: If your answer is $24,500.4746, enter 24500.47 If your answer is $24,500.4753, enter 24500.48 If your answer is $24,500.0012, enter 24500.00 Never enter $ or , when inputting numerical answers QUESTION: Janica Inc. manufactures socks and uses job costing to calculate the cost of its jobs with direct labour hours as its manufacturing overhead allocation base. At the beginning of current year, the company estimated the following: Estimated overhead costs $661,500 Estimated direct labour hours 27,000 The company pays its employees an average amount per direct labour hour as follows: Average pay per DLH $18.00 The company just finished Job 560 and have the following information from the job: Direct materials used $19,600 Direct labour hours used 180 Use the above information to answer the following questions. What is the company's predetermined manufacturing overhead rate per direct labour hour? What is the total manufacturing overhead allocated to Job 560? What is the total cost of Job 560? If management want to earn a profit that equals 26% of the job's costs, how

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