Accouting

Waterways has two major publie-park projects to provide with compreherisive irrigation in one of its service locations this month. Job 157 and Job K52 involve 15 acres of andscaped terrain which will require specialorder speinkler heads to meet the specifections of the profect Using a fob eoit sytem to produce these parts, the following events occurred during December. Raw materials were requisitioned from the company's inventory on December 2 for 54,662 ; on December 8 for $972; and on December 14 for $3,180. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52 Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.50 per hour. The time tickets were dated Decernber 3 , December 9 , and December 15 . On each of those days, 6 hbor hours were spent on these jobs, two thirds (2/3) for )57 and the rest for K52. The predetermined overhead rate is based on machine hours. The estimated machine hour use for the year is 1,942 hours, and the estimated overhead costs are $710,772 for the year. The machines were used by workers on profects K52 and 757 on December 3, 9, and 15 , Sik mschine hours were used for project kS2 12 each day). and 8.5 machine hours were used for project 357 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15 , producing 220 speinkler heads for J57 and 132 sprinkler heads for K52. Additional job order activities during this period included: Dec. 1 Purchased raw materials from Durbin Supply Company on account for $48,944, Dec 2 Issued $36,800 of direct materials from the company/s inventory to fobs other than K52 and 157 and $2,760 of indirect materials. Dec. 12 Paid Waterways' factory salaries and wages for $59,800. Dec. 13 Paid the factory/s water bill of $8.280. Dec 18 Transferred $46,000 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $11,040 for Waterways' factory. Dec. 31 Made adjusting entries for the factory that included accrued property taxes of $11,040 prepaid insurance of $8,096, and accumulated depreciation of $14,720. (a) Set up the job cost sheets for Job Na J57 and Job No. KS2. Determine the total cost for each - Dnanufacturing special order for these jobs. (Round unit costs to 2 decimal places, es. 12.25.) Set up the job cost sheets for Job No. 357 and Job No. KS2. Determine the total cost for each eTextbook and Media List of Accounts Attempts: unlimited (b) The parts of this question must be completed in order. This part will be avaliable when you complete the part above. (c) The purts of this question must be completed in order. This part will be available when you complete the part? above: Waterways has two major publie-park projects to provide with compreherisive irrigation in one of its service locations this month. Job 157 and Job K52 involve 15 acres of andscaped terrain which will require specialorder speinkler heads to meet the specifections of the profect Using a fob eoit sytem to produce these parts, the following events occurred during December. Raw materials were requisitioned from the company's inventory on December 2 for 54,662 ; on December 8 for $972; and on December 14 for $3,180. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52 Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.50 per hour. The time tickets were dated Decernber 3 , December 9 , and December 15 . On each of those days, 6 hbor hours were spent on these jobs, two thirds (2/3) for )57 and the rest for K52. The predetermined overhead rate is based on machine hours. The estimated machine hour use for the year is 1,942 hours, and the estimated overhead costs are $710,772 for the year. The machines were used by workers on profects K52 and 757 on December 3, 9, and 15 , Sik mschine hours were used for project kS2 12 each day). and 8.5 machine hours were used for project 357 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15 , producing 220 speinkler heads for J57 and 132 sprinkler heads for K52. Additional job order activities during this period included: Dec. 1 Purchased raw materials from Durbin Supply Company on account for $48,944, Dec 2 Issued $36,800 of direct materials from the company/s inventory to fobs other than K52 and 157 and $2,760 of indirect materials. Dec. 12 Paid Waterways' factory salaries and wages for $59,800. Dec. 13 Paid the factory/s water bill of $8.280. Dec 18 Transferred $46,000 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $11,040 for Waterways' factory. Dec. 31 Made adjusting entries for the factory that included accrued property taxes of $11,040 prepaid insurance of $8,096, and accumulated depreciation of $14,720. (a) Set up the job cost sheets for Job Na J57 and Job No. KS2. Determine the total cost for each - Dnanufacturing special order for these jobs. (Round unit costs to 2 decimal places, es. 12.25.) Set up the job cost sheets for Job No. 357 and Job No. KS2. Determine the total cost for each eTextbook and Media List of Accounts Attempts: unlimited (b) The parts of this question must be completed in order. This part will be avaliable when you complete the part above. (c) The purts of this question must be completed in order. This part will be available when you complete the part? above