10 professional rcises Obj. 2 ference between a clock card and time On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. at $8 per unit and 1,180 units for Job 305 at $5 per unit. Journalize the entry on May 7 to record During May, raw materials were requisitioned for production as follows: 7.500 units for Job 200 the purchase and on May 31 to record the requisition from the materials storeroom. During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3.000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct Labor hour for Job 200 and $24 per direct labor hour for Job 305. Journalize the entry to record the flow of BE 16-1 Issuance of materials BE 16-2 Direct labor costs Obj. 2 labor costs into production during May. Obj. 2 BE 16-3 Factory overhead costs During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, 56,600; utilities cost, 54,800, and factory depreciation, 89,000. Journalize the entry to record the factory overhead incurred during May. BE 16-4 Applying factory overhead Obj. 2 Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,000. For Bergan Company, (a) determine the predetermined factory overhead rate using direct labor hours as the activity base, (b) determine the amount of factory overhead applied to Jobs 200 and 305 in May using the data on direct labor hours from BE 16-2, and (c) prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate