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Calculator Job Order Cost Accounting for a Service Company The Fly Company provides advertising services for clients across the nation. The Fly Company is presently

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Calculator 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 45% of media purchases. On August 1, the four advertising projects had the following accumulated costs: August 1 Balances Vault Bank $89,300 Take Off Airlines 26,800 Sleepy Tired Hotels 62,500 Tastee Beverages 38,400 Total $217,000 During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for ea of the four accounts: Direct Labor Media Purchases $62,700 $227,100 Vault Bank 28,000 199,800 Take Off Airlines 123,400 145,900 Sleepy Tired Hotels 109,200 140,400 Tastee Beverages Tastee Beverages 140,400 109,200 Total $354,500 $682,000 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. If an amount box does not require an entry leave it blank. b. Journalize the summary entry to record the media purchases for the month. If an amount box does not require an entry leave it blank. c. Journalize the summary entry to record the overhead applied for the month. If an amount box does not require an entry, leave blank. d. Journalize the summary entry to record the completion of Vault Bank and Take Off Airlines for the month. If an amount box does not 4,903 16960 0 A 1600 W PNIAD Gorence Service UCC a. Journalize the summary entry to record the direct labor costs for the month. If an amount box does not require an entry leave blank. b. Journalize the summary entry to record the media purchases for the month. If an amount box does not require an entry, leave it blank. c. Journalize the summary entry to record the overhead applied for the month. If an amount box does not require an entry, leave blank d. Journalize the summary entry to record the completion of Vault Bank and Take Off Airlines for the month. If an amount box does not require an entry, leave it blank. LOOS

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