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Brief Exercise 15-08 In March, Swifty Company completes Jobs 10 and 11. Job 10 cost $30,800 and Job 11 $35,000. On March 31, Job 10

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Brief Exercise 15-08 In March, Swifty Company completes Jobs 10 and 11. Job 10 cost $30,800 and Job 11 $35,000. On March 31, Job 10 is sold to the customer for $42,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit Mar 31 (To record the completion of the two jobs) 31 (To record the sale Job 10) 31 (To record the cost of the yob sold) PRINTER VERSTO RCES 12 07 a-b Multiple Choice Question 47 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 145000 500 orders Machine Setup Setups 319500 450 setups Machining Machine hours 1575000 125000 MH Assembly Parts 1250000 1000000 parts Inspection Inspections 325000 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is 04 -01 stion 0 $36.15. O $15.75 $10.23 -02 LA $12.50

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