Homework: 2-1 MyAccountingLab Homework: Chapter 4 Question list Question 1 K Question 7, P4-44 (similar to) Part 1 of 8 Davenport prints custom training material for corporations. The business was started January 1, 2017. The company uses a normal-costing system. It has two direct-cost pools, materials and labor, and one indirect-cost pool, overhead Overhead is charged to printing jobs on the basis of direct labor cost. The following information is available for 2017 (Click the icon to view the following data) HW Score: 42.98%, 19.34 of 45 points O Points: 0 of 5 Save There were two jobs in process on December 31, 2017 Job 11 and Job 12. Costs added to each job as of December 31 are as follows (Click the icon to view the costs) Davenport has no finished goods inventories because all printing jobs are transferred to cost of goods sold when completed Question 2 Question 3 Question 4 Data table Read the requirements Requirement 1. Compute the overhead allocation rate. Select the formula and enter the amounts to calculate the overhead allocation rate (Enter the rate in decimal format to one decimal place, XX Do not enter the rate as a percentage) Budgeted overhead costs - X Budgeted direct labor costs Data table Overhead allocation rate Budgeted direct labor costs 210,000 Direct materials Direct labor Budgeted overhead costs $ 357.000 Job 11 $ 4.900 $ 5.000 Costs of actual material used S 155,000 Job 12 5 5.360 7,100 Actual direct labor costs, $ 200.500 Actual overhead costs $ 342,050 Print Done Help me solve this Etext pages Get more help Print Done Clear all Check answer