Requirement $1$:

Compute: Predetermined Overhead Rate $=$ Estimated Total Overhead

Estimated Allocation Base

Predetermined Overhead Rate $=$

DL Hours

Predetermined Overhead Rate $=$ #DIV$/0!$ per DL Hour

Interpret: This rate means...

$($type your answer here$)$

Requirement $3$:

Applied Overhead $=$ Predetermined Overhead Rate x Actual DL Hours

Applied to Job $102=$ $$-$

Applied to Job $103=-$

Total Overhead Applied $=$ $$-$

Requirement $4$:

Compute: Job $102$ Job $103$

Beginning balance of jobs in process $$-$ $$-$

$($account label$)--$

$($account label$)--$

$($account label$)--$

Total manufacturing cost $$32,000$ $$15,000$

Where would the cost of each of these jobs appear on the year$-$end balance sheet?

$($type your answer here$)$