Al the beginning of the year. Learer Compamys marager essmated total direct labor cist va be $ The manager also vatimated the followng overhesd costs for the yeat
For the year the company incured $ of actual overhead costs it completed and sold twe jobs with the following dieect labor in process at the end of the yes and had been charged $ for drect labor Na joba were in process at the beginning of the year The company's predetermined overtiead rate is bosed on a percent of direct labar corst.
Recuired:
n Determine the predetermined owehe ad rate for the year.
H Oetemme the ove head applied to each of the sis jobs during the year.
e Delemme the oven or underappled oys head at the yeat end.
Prepore the entry to clase ory over or underappled overheod Cost of Goods Sold at yearend.
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Determine the ower of unterappred overiead at the year end.
tableTatal actual ovinthead cotToosl appled overhead cost,Linderapplist aserhad,
