(Solved by Humans)-Problem 16-46 OVERHEAD APPLICATION AND JOB-ORDER COSTING Julian Company is a job-order costing...

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Problem 16-46  OVERHEAD APPLICATION AND JOB-ORDER   COSTING Julian Company is a job-order costing firm that uses a plantwide overhead rate based on direct labor hours. Estimated information for the year is as follows:   Overhead                            $665,000 Direct labor hours                  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 $32,780 $51,770 $29,600 $0 $0 Direct materials $25,500 $39,800 $24,450 $13,600 $18,420 Direct labor cost $60,000 $28,500 $41,500 $23,000 $21,300 Direct labor hours 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.   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 on July 31. 4.        Calculate Cost of Goods Sold for July.