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Banner Company is a manufacturing firm that uses job-order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At

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Banner Company is a manufacturing firm that uses job-order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 38,000 machine-hours and incur $285,000 in manufacturing overhead costs for the coming year. Provide the appropriate journal entries for the following events: 1. The following employee costs were incurred: assembly workers' salarios, $389,000; factory supervision costs, $62,000; and administrative salaries, $175,000 2. Depreciation for the year was $143,000 of which $137.000 is related to factory operations and $6,000 is related to selling, general, and administrative activities. 3. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 36,000 machine-hours. TTTT Paragraph : Arial 3 (12pt) Qi Os Mashups ESS Words: 0 Path: P

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