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Jake's Autobody is a car repair shop. The company uses direct labour cost as a...

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Accounting

Jake's Autobody is a car repair shop. The company uses direct labour cost as a basis for applying manufacturing overhead costs to jobs. The company estimates its annual overhead to be $ 140,000 and its expects employees to work $20,000 hours atan average wage rate of $ 14 per hour. During the year, employees actually worked 18,000 hours(at a wage rate of $17 per hour) and the actual amount spent on overhead was $150,000.a. Compute the predetermined overhead rate? b. How much overhead would be applied to jobs during the year? c.What is the Cost Driver used for applying Manufacturing Overhead? d.What is the correct opening and closing balance (OB & CB) for the T-Account? e.What is the total dollar amount of manufacturing overhead applied to jobs during the year? f.What is the predetermined overhead rate per cost driver unit for the year? g.What is the Budgeted Manufacturing Overhead for the year? h.What is Jake's Actual Manufacturing Overhead for the year?

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