CES D on) 1 CALCULATOR PRINTER VERSION BACK NEXT Problem 20-01A as, di, b, d, oh (Part Level Submission) (Video) Cullumber Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,600, direct labor $12,350, and manufacturing overhead $16,480. As of January 1, Job 49 had been completed at a cost of $92,700 and was part of finished goods inventory. There was a $15,456 balance in the Raw Materials Inventory account. During the month of January, Cullumber Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $125,660 and $162,740, respectively. The following additional events occurred during the month. Purchased additional raw materials of $92,700 on account 2. Incurred factory labor costs of $72,100 of this amount $16,480 related to employer payrolles 3. Incurred manufacturing overhead costs as follows: Indirect materials $17,510; indirect labor $20,600; depreciation expense on equipment $12,360; and various other manufacturing overhead costs on account $16,480. 4 Assigned direct materials and direct labor to jobs as follows. Job No. Direct Materials Direct Labor 50 $10,300 $5,150 51 40,170 25,750 52 30,900 20,600 Your answer is incorrect. Try again Calculate the predetermined overhead rate for 2020, assuming Cullumber Company estimates total manufacturing overhead costs of $865,200, direct labor costs of $721,000, and direct labor hours of 20,600 for the year Predetermined overhead rate 1.56 Click if you would like to show Work for this question Open Show Work By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instruc The parts of this question must be completed in order. This part will be available when you complete the part above. (di) The parts of this question must be completed in order. This part will be available when you complete the part above. (b) & (d2) The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above. (1) The parts of this question must be completed in order. This part will be available when you complete the part above. (9) The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above