1,2,3 with explaination please

5 1) The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Jackson's Jet Skis. The requisitions are identified by code numbers starting with the letter Q and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Determine the total cost on the job cost sheet for Job 9-1005. Date 7/1/2009 7/1/2009 7/5/2009 7/5/2009 7/10/2009 Document Amount Q-4698 $ 2,500 W-3393 1,200 Q-4725 2,000 W-3479 W-3559 900 19 2) A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the 20 current period is $475,000, and direct labor cost is $300,000. Prepare the entry to close over-or underapplied overhead to cost of goods sold. 21 24 3) Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets totaling $24,600 for direct labor and $4,300 for indirect labor. These costs were accumulated in Factory Payroll as they were paid. Prepare the entry that Penn should make to assign the Factory Payroll