Script Company uses a job costing accounting system for its production costs. A predetermined overhead rate based on direct labor- hours is used to apply overhead to individual jobs. An estimate of overhead costs at different volumes was prepared for the current year as follows Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 30,100 $331,160 500,000 $831,100 40,400 $444,400 500,000 $944,400 51,600 $ 567,600 500,000 $1,067,600 The expected volume is 40.400 direct labor-hours for the entire year. The following information is for October, when jobs 1011 and 1015 were completed. 43,500 91,700 228,900 Inventories, October 1 Raw materials and supplies Work in process (Job 1011) Finished goods Purchases of raw materials and supplies Raw materials Supplies Materials and supplies requisitioned for production Job 1011 Job 1015 Job 1012 Supplies 630,900 19,400 279,500 233,700 45,900 75,300 634,400 $ Machine-hours (MH) Job 1011 Job 1015 Job 1017 Direct labor-hours (DLH) Job 1011 6,201 M 6,119 11 3,718 M 14.020 DLH 6,110 DLH 3,770 DLH Job 1015 Job 1017 Labor costs Direct labor wages (all hours @ $14) Indirect labor wages (13,000 hours) Supervisory salaries Building occupancy costs (heat, light, depreciation, etc.) Factory facilities Sales and administrative offices Factory equipment costs Power Repairs and maintenance Other 334,600 68,250 127,200 $ 35,600 14,190 $ 21,730 8, 100 9,860 39,690 $ year Required: a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the (Note: Regardless of your answer to requirement (a), assume that the predetermined overhead rate is $23.88 per direct labor-hour. Use this amount in answering requirements [b] through [e.) b. Compute the total cost of Job 1011 when it is finished, c. How much of factory overhead cost was applied to Job 1017 during October? d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October f. At the end of the year, Script Company had the following account balances: Under applied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19,400,000 Under applied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19,480,000 Show the Underapplied Overhead effect on the account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required Required Compute the total cost of Job 1011 when it is finished. (Round your answer to the nearest dollar amount The total cost of Job 1011 c. How much of factory overhead cost was applied to Job 1017 during October? d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October f. At the end of the year, Script Company had the following account balances: Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19,400,000 Show the Underapplied Overhead effect on the account balances in the following table, Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F How much of factory overhead cost was applied to Job 1017 during October? (Round your answer to the nearest dollar amount.) Factory overhead cost of Job 1017 c. How much of factory overhead cost was applied to Job 1017 during October d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October f. At the end of the year, Script Company had the following account balances Under applied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19,400,000 Show the Underapplied Overhead effect on the account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F What total amount of overhead was applied to jobs during October? (Round your answer to the nearest dollar amount.) Amount of overhead c. How much of factory overhead cost was applied to Job 1017 during October? d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October f. At the end of the year, Script Company had the following account balances: Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19,400,000 Show the Underapplied Overhead effect on the account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required Compute actual factory overhead incurred during October Actual factory overhead c. How much of factory overhead cost was applied to Job 1017 during October? d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October. f. At the end of the year, Script Company had the following account balances: Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19 , 49? , ??? Show the Underapplied Overhead effect on the account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F Show the Underapplied Overhead effect on the account balances in the following table. Underapplied overhead Cost of goods sold Work in process inventory Finished goods inventory