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CALCIATON UL Waterways Problem 02 - (Part Level Submission) Waterways has two major public park projects to provide with comprehensive rigation in one of its

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CALCIATON UL Waterways Problem 02 - (Part Level Submission) Waterways has two major public park projects to provide with comprehensive rigation in one of its service locations this month Job 357 and Job S2 innlve 15 acres of landscaped terrain, which will require special order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December Raw materials were requisitioned from the company's inventory on December 2 for $5,091, on December 8 for $1,050; and on December 14 for $3,495. In each instance, two-thirds (2/3) of these materials were for 57 and the rest for KS2. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $17.5 per hour. The time tickets were dated December, December 9, and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for 357 and the rest for K52 The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,096 hours, and the anticipated overhead costs are 1838,400 for the yeat. The machines were used by workers on projects K52 and 57 on December 3, 9, and 15. Six machine hours were used for project KS2 (2 each day), and 8.5 machine hours were used for project JS7 (2.5 the first day and each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for 157 und 100 sprinker heads for S2 Additional job order activities during this period included: Dec 1 Purchased raw materials from Durbin Supply Company on account for $53,500 Dec. 2 Issued $40,400 of direct materials from the company's inventory to jobs other than 52 and 357 and $3,000 of indirect materials Dec 12 Paid Waterways' factory salaries and wages for $65,500. Dec 13 Paid the factory's water bill of $9,000 Dec 18 Transferred $50,500 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $11,900 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12, 100, prepaid insurance of 58,700, and accumulated depreciation of $16,000 (a) Set up the job cost sheets for Job No. 357 and Job No. K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, .. 12.25.) TE Additional job order activities during this period included Dec. Purchased raw materials from Durbin Supply Company on 11,00 Dec 2 Issued $40.400 of direct materials from the company's motory to the then Dec 12 Paid Waterways' factory salaries and wages for 565,500 Dec. 13 Paid the factory's water bill of $9,000 Dec. 18 Transferred $50,500 of costs from other completed jobs to finished goods Dec. 21 Paid the factory's electric bill of $11,900 for Waterways' factory Dec. 31 Made adjusting entries forth factory that included nccrued property tax of 517,109, www. Set up the job cost sheets for Job No. 357 and Job No. 652. Determine the total cost for noch manufacturing and 12.25.) Job No. 357 Job No. 52 Total Cost $ Unit Cost $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts of use LINK TO TEXT

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