Please help me answer Part D and remaining parts as follows 1. epare the journal entries to record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). (Credit account titles are automatically indented ) I've provided previous Part's for extra information. Complete the job cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet for Job No. 50. Post all costs to the job cost sheets as necessary. Total the job cost sheets for any job(s) completed during the month. Prepare the journal entry (or entries) to record the completion of any job(s) during the month. Job No. 50. Prepare the journal entry (or entries) to record the sale of any job(s) during the month. Account/Description Debit Credit

What is the balance in the Finished Goods Inventory account at the end of the month?

What does this balance consist of? The balance in this account consists of the cost of completed Job No. 51 which has not yet been sold. What is the amount of over- or underapplied overhead?

Problem 15-1A Deglman Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2012, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $26,200, direct labor $15,720, and manufacturing overhead $20,960. As of January 1, Job No. 49 had been completed at a cost of $117,900 and was part of finished goods inventory. There was a $19,650 balance in the Raw Materials Inventory account During the month of January, Deglman Manufacturing 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 $159,820 and $206,980, respectively. The following additional events occurred during the month 1. Purchased additional raw materials of $117,900 on account 2. Incurred factory labor costs of $91,700. Of this amount $20,960 related to employer payroll taxes 3. Incurred manufacturing overhead costs as follows: indirect materials $22,270; indirect labor $26,200; depreciation expense on equipment $24,890; and various other manufacturing overhead costs on account $20,960 4. Assigned direct materials and direct labor to jobs as follows Job No 50 51 52 Direct Materials Direct Labor $13,100 51,090 39,300 $6,550 32,750 26,200 (a) Your answer is correct Calculate the predetermined overhead rate for 2012, assuming Deglman Manufacturing estimates total manufacturing overhead costs of $1,283,800, direct labor costs of $917,000, and direct labor hours of 26,200 for the year Predetermined overhead rate 140 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TEXT Link to Media Attempts: 1 of 5 used