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ASED C The following information was taken from thejob cost sheet for Job 101 for McDonald Manufacturing Company: BJECT e ba December 5, 2018 January
ASED C The following information was taken from thejob cost sheet for Job 101 for McDonald Manufacturing Company: BJECT e ba December 5, 2018 January 21, 2019 Date started: Date completed: plan etaile Applied Factory Overhead ABC Job Direct Direct Total Labor Materials Date NIT $3,000 12-05-18 12-15-18 12-17-18 12-22-18 01-01-19 01-21-19 $450 $900 1,500 675 1,350 D 1,500 ar 300 600 d c Job 101 was sold on account on January 25, 2019, for 160 percent of its cost. Factory overhead is applied on the basis of direct labor costs. Ive 1e Required: Prepare thejournal entries to record the costs incurred for Job 101 in 2018-2019 for direct materials, direct labor, and factory overhead. b. a. Prepare the journal entry to record the completion of Job 101. What is the predetermined factory overhead rate for McDonald Manufacturing? d. C. Prepare the journal entries to record the sale of Job 101
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