The following information was taken from the job cost sheet for Job 101 for Milanello
a) What's the journal entries to record the costs incurred for Job 101 for direct materials,
direct labour, and factory overhead.
b) What's the journal entry to record the completion of Job 101.
c) What's the predetermined factory overhead rate used by Milanello Manufacturing.
d) What's the journal entries to record the sale of Job 101.
e) Why is the computation of predetermined overhead allocation rates necessary? What's the pros and cons of using predetermined overhead allocation rates.