mework Chapter 20 Question 1 of 2 Current Attempt in Progress 6.25750 Sun Company uses a job onder cost system and applies overhead to production on the basis of direct labor costs. On January 1 2022, ut 50 was the only job in process. The costs licurred prior to January 1 on this job were as follows direct materials $23,200 direct labor $13.920, and manufacturing overhead $18.560 As of January 1, Job 49 had been completed at a cost of $304,400 and was part of finished goods inventory. There was a $17,400 balance in the Raw Materials Inventory account on January 1 During the month of January, Susland Company began production on Jobs 51 and 52, and completed Jobs 50 and 51 Jobs 49 and 50 were sold on account during the month for $141,520 and $183.280.respectively. The following additional events occurred during the month L Purchased additional raw materials of $104.400 on account 2 Incurred factory labor costs of $81.200 3 incurred manufacturing overhead costs as follow depreciation expense on equipment $13.920 and various manufacturing overhead costs on account $10.560 4 Assigned direct materials and direct labor to jobs as follows Job No Direct Materials Direct Labor 50 $11,600 $5,800 31 45,240 29.000 52 34.800 23.200 PL D " G 2900 34 100 23.200 5. Assigned indirect materials of $19.720 and indirect labor of $23.2001 (a) Your answer is correct 6.25750 Calculate the predetermined overhead rate for 2022, assuming Sunland Company estimates total manufacturing overhead costs of $974,400, direct labor costs of $812,000, and direct labor hours of 23,200 for the year. Predetermined overhead rate eTextbook and Media List of Accounts 120 %6 Attempts: 2 of 3 used Question 1 of 2 Ic Prepare the journal entries to record (1) the purchase of raw materials, (2) the factory labor costs incurred, and (3) the manufacturing overhead costs incurred during the month of January (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation (1) Debit Credit (2) (3)