ch11 geoup work please help

Exercise 11-2A Materials and compensation costs in manufacturing versus service companies LO 11-1 Vernon Company started year 1 with $315,000 in its cash and common stock accounts. During year 1, Vernon paid $236,250 cash for employee compensation and $72,450 cash for materials. Required a. Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assuming Vernon used the labor and materials to make 1,500 chairs. Further, assume that Vernon sold 1,200 of the chairs it made. State the name(s) of the expense account(s) shown on the income statement. b. Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assuming Vernon used the labor and materials to provide dental cleaning services to 500 patients. State the name(s) of the expense account(s) shown on the income statement Complete this question by entering your answers in the tabs below. Required A Required B es Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assuming Vernon used the labor and materials to make 1,500 chairs. Further, assume that Vernon sold 1,200 of the chairs it made. State the name(s) of the expense account(s) shown on the income statement. Total assets Total expenses Name of the expense $ $ Indirect labor 1,233 5,646 Rond Required) Exercise 11-2A Materials and compensation costs in manufacturing versus service Vernon Company started year 1 with $315,000 in its cash and common stock accounts. During year 1, for employee compensation and $72,450 cash for materials. Required a. Determine the total amount of assets and the amount of expense shown on the year 1 financial state used the labor and materials to make 1,500 chairs. Further, assume that Vernon sold 1,200 of the cha name(s) of the expense account(s) shown on the income statement. b. Determine the total amount of assets and the amount of expense shown on the year 1 financial state used the labor and materials to provide dental cleaning services to 500 patients. State the name(s) shown on the income statement. Complete this question by entering your answers in the tabs below. t Required A Required B nces Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assun used the labor and materials to provide dental cleaning services to 500 patients. State the name(s) of the expens shown on the income statement. Total assets Total expenses Name of the expense $ 34,555 $ 3,411 Dental cleaning service expense (Required A Required Exercise 11-5A Treatment of overapplied or underapplied overhead LO 11-2 Pawhuska Company estimates that its overhead costs for 2018 will be $750,000 and output in units of product will be 300,000 units. Required a. Calculate Pawhuska's predetermined overhead rate based on expected production. (Round your answer to 2 decimal places.) b. If 25,000 units of product were made in March 2018, how much overhead cost would be allocated to the Work in Process Inventory account during the month? (Do not round intermediate calculations.) c. If actual overhead costs in March were $64,300, would overhead be overapplied or underapplied and by how much? (Do not round intermediate calculations.) Predetermined overhead a. rate b. Allocated overhead cost c. Overhead costs $ 22.00 per unit $ 2.534 underapplied