E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3] Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $ 341,800 Factory machinery depreciation 54,000 Factory supervisor salaries 140,000 Factory direct labor 235,121 Factory supplies 44,400 Factory property tax 25,250 Advertising cost 27,000 Administrative salaries 48,000 Administrative-related depreciation 19,200 Total expected costs $ 934,771 Required: Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.31 per hour. Determine the amount of applied overhead if 19,200 actual hours are worked in the upcoming year.

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Predetermined overhead rates and manufacturing overhead application (LO 4) Rector Company manufactures a line of lightweight running shoes. CEO Mark Rector estimated that the company would incur $2,500,000 in manufacturing overhead during the coming year. Additionally, he estimated the company would operate at a level requiring 250,000 direct labor hours and 400,000 machine hours. Required a.Assume that Rector Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. bAssume that job 4375 required 300 direct labor hours to complete. How much manufacturing overhead should be applied to the job? cAssume that Rector Company uses machine hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. dAssume that job 4375 required 140 machine hours to complete. How much manufacturing overhead should be applied to the job?

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Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Beginning of period $ 45,000 9,600 68,000 End of Period $ 45,000 19,000 33,500 Inventories Raw materials Work in process Finished goods Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 178,000 250,000 9,000 57,500 115,500 Exercise 15-14 (Algo) Recording direct and indirect labor LO P2, P3 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period. X Answer is complete but not entirely…