1. Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in June: Jobs finished during June are summarized as follows: a. Journalize the entry to record the jobs completed b. Determine the cost of the unfinished jobs at June 30. 2. Job Order Cost Accounting Entries for a Service Business The law firm of Clark and Lankau accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during May: a. Provide the journal entries for each of the above transactions. May 2 May 7 May 11 May 16 May 21 May 31 Admin. sal. May 31 Supplies May 31 Prof. sal. May 31 Billed May 31 Cost b. How much office overhead is over- or underapplied? Enter your answer as a positive number. $ c. Determine the gross profit on the Peterson case, assuming that over- or underapplied office overhead is closed monthly to cost of services. $ 3. Predetermined Factory Overhead Rate Reithofer Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: The overhead costs will be assigned to procedures, based on the number of surgical room hours. Reithofer Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down four weeks per year for general repairs. a. Determine the predetermined operating room overhead rate for the year. $ per hour b. Wayne Lawrence had a four-hour procedure on January 15. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? $ c. During January, the operating room was used 232 hours. The actual overhead costs incurred for January were $65,500. Determine the overapplied operating overhead or underapplied operating overhead for the period. $