Jernigan Company estimates that total factory overhead costs will be $170,000 for the year. Direct labor hours are estimated to be 10,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $fill in the blank 41362005803cfe6_1 per direct labor hour b. During August, Jernigan Company accumulated 570 hours of direct labor costs on Job 40 and 840 hours on Job 42. Determine the amount of factory overhead applied to Jobs 40 and 42 in August. $fill in the blank 41362005803cfe6_2 c. Prepare the journal entry to apply factory overhead to both jobs in August according to the predetermined overhead rate.

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)