Abbott Suit (ASC) corporation manufactures BOTH nylon AND cotton jogging suits. On 1/1/20, Erin Rogers ESTIMATES the following fixed costs: Accountants salary $10,000 Depreciation on factory equipment $4,000 Rent on Manufacturing Facility $6,000 $20,000 ABBOTT SUIT CORPORATION USES DIRECT LABOR HOURS TO ALLOCATE DEPRECIATION AND RENT. Nylon Jogging Suits Cotton Jogging Suits Std.qty/suit Std.price/input Std.qty/suit Std.price/input Direct Materials 2.5 yds/suit $20/yd 4 yds/suit $15/yd Direct Labor 5 dlh/suit $10/dlh 4 dlh/suit $15/dlh VOH:utilities/grease/janitor 5 mh/suit $10/mh 8 mh/suit $10/m

8. ASC paid its vendors the following in CASH during the JANUARY: Fisher Properties for rent $500 We Energies for utilities $24,000

9. Abbott has a sewing machine that was purchased in 2018 for $40,000, with a useful life of 10 years and a salvage value of 0. Give the MONTHLY depreciation journal entry for this machine.

10. On January 30, Abbott workers requisitioned out 500 pounds of grease and put it into the sewing machine. Give the journal entry.

11. Give the journal entry to APPLY overhead in January for BOTH VOH and FOH. Nylon jogging workers used 350 machine hours and cotton jogging suit workers used 850 machine hours

12. Create the different MOH/VOH and MOH/FOH clearing accounts. Indicate if the individual moh taccounts are OVER- or UNDER-applied. SHOW YOUR WORK. 13. CALCULATE -BUT DO NOT JOURNALIZE - THE VOH VARIANCES FOR JANUARY.

14. During January, ASC sells the following: 40 nylon jogging suits for $250/nylon jogging suits ON ACCOUNT and 75 cotton jogging suits for $240/cotton jogging suit. Give the journal entry.