any answer will get a like! just the last two on part d

Vault Bank Job order cost accounting for a service company The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on four projects, each for a different client. The Fly Company accumulates costs for each account (client) on the basis of both direct costs and allocated indirect costs. The direct costs Include the charged time of professional personnel and media purchases (air time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 60% of media purchases. On August 1, the four advertising projects had the following accumulated costs: August 1 Balonces $63,100 Take Off Airlines 18,900 Sleepy Tired Hotels 44,200 Tastee Beverages 27.100 Total $153,300 During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts: Direct Labor Vault Bank 343,200 3163,800 Media Purchases Take Off Airlines 19,300 144,200 Sleepy Tired Hotels 85,000 105,300 Sleepy Tired Hotels 85,000 105,300 Tastee Beverages 96,700 78,700 Total $244,200 $492,000 At the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services account a. Journalize the summary entry to record the direct labor costs for the month. Work in Process 244.200 Salaries Payable 244.200 Feedback Check My Work a. Increase the work in process for the direct costs and the applied overhead. Applied overhead should be based on media purchases. Transfer the cost of completed jobs out of work-in-process and into the cost of services account. b. Journalize the summary entry to record the media purchases for the month b Work in Process 492.000 Accounts Payable 492,000 c. Journalize the summary entry to record the overhead applied for the month. Work in Process 295.200 C. Agency Overhead 295.200 Feedback Check My Work c. Increase the work in process for the direct costs and the applied overhead. Applied overhead should be based on media purchases. Transfer the cost of completed Jobs out of work-in-process and into the cost of services account d. Journalize the summary entry to record the completion of Vault Bank and Take Off Airlines for the month. d. Cost of Services 607.300 X Work in Process 607300X Feed Che Wor Previous Next