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5 April 30 $ $45,000 5.600 61,000 May 31 32.000 20,900 33,700 Part 3 of 4 Inventories Raw materiale Work in process Pinished goods Activities and information for May Raw materials purchases (paid with cash) Pactory payroli (paid with cash) Factory overhead Indirect materiala Indirect labor Other overhead costs Sales (received in canh) Predetermined overhead rate based on direct labor 100,000 181 points 15.000 23,000 P8,000 1,700,000 BOOK 1. Direct labor usage 2. Indirect labor usage. 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. Print References View transaction llat Journal entry worksheet Record the entry for the cash payment of total factory payroll. Note: Enter debits before credits Transaction General Journal 3 Factory wages payable Cash Debit Credit 5 April 30 May 31 $ $45,000 9,600 61,000 32,000 20,900 33,700 Part 3 of 4 Inventories Raw materials Work in process Finished goods rctivities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect nateriala Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor coat 181 points 182,000 100,000 15,000 23,000 98,000 1,700,000 550 BOOK Hint 1. Direct labor usage. 2. Indirect labor usage. 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. Print be References View transaction list Journal entry worksheet 11 19 points Hansel Corporation has requested bids from several architects to design its new corporate headquarters. Frey Architects is one of the firms bidding on the job. Frey estimates that the job will require the following direct labor. Labor Estimated Hours Hourly Rate Architects 158 $300 Statt 75 clerical 20 316 eBook Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earn at least $70,000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $289,000 and $358,000 for the job. 1. What is Frey's estimated cost of the architectural job? 2. If Frey bids a price of $289,000, will it earn its target profit of $70,000? 3. What is Frey's Estimated selling price? Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is Frey's Estimated selling price? Estimated selling price