FDWICH Chapter 15 Problem You skipped this question in the previous attempt 5 Problem 15-4A Overhead allocation and adjustment using a predetermined overhead rote LO P3, P4 At the beginning of the year, Lower Company's mesoper estimated to al direct labor cost assuming 25 persons working an average of 3000 hours each at an average wage rate of $30 per hour. The manager also estimated the following manufacturing overhead costs for the year 15 Dom Nirect thor Factory wervin imt factory full Factory with try tired Depreciation Factory out pats pactory went Factory supplies und iscella production Total sederhana 1332 10), 150,000 35.000 36.000 . 1,000 $1,575.000 At yet end, records show the company incurred 51,863.000 of actual overhead costs it completed and sold five jobs with the following direct labor costs of 201 5624000. 10. 202, S583000, Job 203, 5318.000 Job 204,5735.000 and 15 205, 314,000 In addition, Job 206 process at the end of the year and had been charged $37000 for direct labor No jobs were in process at the beginning of the year. The company's predetermned overhead rate is based on direct labor cost Required 1a. Determine the predetermined overhead rate for the year 1-6. Determine the total overhead cost applied to each of these jobs during the year 1-c. Determine the over or underapplied overhead at the year-end 2. Assuming that any over or under applied overhead is not material prepare the entry to allocate any over or underapplied overhead to cost of Goods Sold at the end of the year Complete this question by entering your answers in the table. ROLA eu RIC Determine the determinal data for the year