Overhead Application and Job-Order Costing Julian Company is a job-order costing firm that uses a plantwide overhead rate based on direct labour hours. Estimated information for the year is as...

Overhead Application and Job-Order Costing Julian Company is a job-order costing firm that uses a plantwide overhead rate based on direct labour hours. Estimated information for the year is as follows: OBJECTIVE Overhead Direct labour hours $665,000 100,000 Julian worked on five jobs in July. Data are as follows: Job 210 Job 211 Job 212 Job 213 Job 214 Balance, July 1 Direct materials Direct labour cost Direct labour hours $32,780$51,770 S29,600 0S 0 S25,500 $39,800 S24,450 $13,600 $18,420 S60,000 $28,500 $41,500 $23,000$21,300 4,000 1,900 2,700 1,500 1,400 By July 31, Jobs 210 and 212 were completed and sold. The remaining jobs were in process. (Continued) NEL Chapter s Job-Order Costing 238 Check figures: 2. Total cost Job Required: 1. Calculate the plantwide overhead rate for Julian Company 2. Prepare job-order cost sheets for each job showing all costs through July 31. 3. Calculate the balance in Work in Process as at July 31. 4. Calculate Cost of Goods Sold for July 212 $113,505 4. Cost of goods sold $258,385