Question: show your work please for each part. ill rate a thumbs up Sunland Company uses a job order cost system and applies overhead to production

show your work please for each part. ill rate a thumbs up  show your work please for each part. ill rate a thumbs
up Sunland Company uses a job order cost system and applies overhead

Sunland Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1. 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 21,600 direct labor $ 12.960, and manufacturing overhead $ 17.280. As of January 1, Job 49 had been completed at a cost of $ 97,200 and was part of finished goods inventory. There was a $ 16,200 balance in the Raw Materials Inventory account During the month of January, Sunland Company began production on Jobs 51 and 52 and completed Jobs 50 and 51. Jobs 49 and 50 were sold during the month. The following additional events occurred during the month. Purchased additional raw materials of $ 97,200 on account 2. Incurred factory labor costs of $ 75,600. Incurred manufacturing overhead costs as follows: indirect materials $ 18,360: indirect labor $ 21,600; depreciation expense on equipment $ 12,960; and various other manufacturing overhead costs on account $ 17.280. Assigned direct materials and direct labor to jobs as follows. 1. 3. 4. Job No. 50 51 52 Direct Materials $ 10,800 42.120 32.400 Direct Labor $5,400 27.000 21,600 (a) Calculate the predetermined overhead rate for 2020, assuming Sunland Company estimates total manufacturing overhead costs of $ 907,200, direct labor costs of $ 756,000, and direct labor hours of 21.600 for the year. (Round answer to the nearest whole percent, e.g. 25%.) % Predetermined overhead rate and dired (b) Open job cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. (c) Prepare the journal entries to record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January (d) Prepare the journal entries to record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing over- head costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary (e) Total the job cost sheets for any job(s) completed during the month. Prepare the jour- nal entry (or entries) to record the completion of any job(s) during the month. (1) Prepare the journal entry (or entries) to record the sale of any job(s) during the month. (g) What is the balance in the Finished Goods Inventory account at the end of the month? What does this balance consist of? (h) What is the amount of over- or underapplied overhead

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