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Bonita 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 $23.800, direct laber $14,280, and manufacturing overhead $19.040. As of January 1, Job 49 had been completed at a cost of $107,100 and was part of finished goods inventory. There was a $17.850 balance in the Raw Materials Inventory account. During the month of Jaruary. Bonita Compary 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 $145,180 and $188,020, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $107,100 on account. 2. Incurred factory labor costs of \$83,300. Of this amount \$19,040 related to emplover payroll taxes. 3. Incurred manufocturing overhead costs as follows: indirect materials $20.230; indirect labor $23.800; depreciation expense en equipment $14,280; and various other manufacturing overhead costs on account $19,040 4. Assigned direct materials and direct labor to jobs as followh. Caiculate the predetermined overhead rate for 2020, assuming Bonita Company estimates total manufacturing overhead costs of $999,600, direct labor costs of $833,000, and direct labor hours of 23,800 for the year. Predetermined overhead rate % eTextbook and Media List of Accounts Attempts: 3 of 5 used No. Account Titles and Explanation (1) Raw Materials Inventory Accounts Payable (2) Factory Labor Employer Payroll Taxes Payable Factory Wages Payable (3) Manufacturing Overhead Raw Materials Imventory Factory Labor Accumulated Depreciation-Equipment Accounts Payable Debit 107100 83300 77390 automatically indented wen amount is entered. Do not indent manually.) JobNo. 51 Date Direct Materials Direct Labor Manufacturing Overhead Jan. Cost of completed job Direct materials 3 Direct labor Manufacturing overhead Total cost Job No. 52 Date Direct Materials Direct Labor 5 Jan. 5 5 Manufacturing Overhead 5

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