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The Kansas Company uses a job costing system to accumulate its production costs. An annual predetermined overhead rate based on direct labor-hours is used to apply overhead to individual jobs. An estimate of overhead costs at different volumes is presented below.

Direct Labor Hours	100,000		120,000		140,000
Variable Overhead Costs	$325,000		$390,000		$455,000
Fixed Overhead Costs	216,000		216,000		216,000
Total Overhead	$541,000		$606,000		$671,000

The expected volume is 120,000 direct labor-hours for the entire year which will be used to apply overhead. The following data is for November. Jobs 50 and 51 were completed during November.

$135,000 15,000 Direct materials & supplies $10,500 Direct materials Fa Supplies Job 50) 54,000 Work in Finished Goods (Job 49112,500 r information 1. Actual manufacturing labor costs: Direct labor wages (8,500 Indirect labor Supervisory salaries $6.00 per hour $15,000 $6,000 Requisitioned for production Factory direct labor-hours 2. Actual building occupancy costs Direct material, Job 50$45,000 Job 50 Direct material, Job 51 Direct material, Job 52 Supplies (overhead 3,500 hours 3,000 hours 2,000 hours Manutacturing tacilities Sales and $6,500 2,500 37,500 25,500 12,000 Job 51 Job 52 Requirements 1. Create a Job Costing Sheet for each job showing the detailed amount of Inventories, November 1 Purchases direct and indirect costs in each job. Show the total cost and cost per unit within each job 3. Actual manutacturing equipment costs 2. Create a Cost ot Goods Manufactured Statement for the month using $4,000 $1,500 $2,500 actual overhead costs. Use the overhead application rate to determine the amount of overhead in the Work in Process Ending Inventory Repair & maintenance 3. Create a report that compares the actual overhead with the applied overhead. Indicate whether the overhead is over or under applied. Calculate the Fixed Overhead vVolume Variance for November

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