CREATE A GENERAL JOURNAL FOR THE FOLLOWING TRANSACTIONS.

Table Top$1,000.00Table Leg $150.00Drawer $300.00

The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours.The company estimates that there will be 12 direct labor hours worked during the month. The estimated manufacturing overhead cost for the month is:a.Factory supervisor salary per month$2,500.00b.Rent for the factory per month $500.00c.Depreciation of factory equipment per month $600.00Total Estimated manufacturing overhead$3,600.00What is the predetermined manufacturing overhead rate?

The first order you received was to manufacture a table using a table top and four legs. This is your Job #1.

Please use the following accounts 1-DecRaw Materials purchased on account, $10,000.

5-DecAll Raw Materials needed for Job #1 were requisitioned from the material storage for use during the month. Assume all materials are direct.

10-DecThe following employee costs were incurred but not paid during the month:There are three assembly employees that spend 2 hours each, $20 per hour to make the table for Job #1.

Dec 15 All Raw Materials needed for Job #2 were requisitioned from the material storage for use during the month. Assume all materials are direct. one top 1 drawer)

16-DecRent for the month of December for the factory building incurred but not paid $500.

17-DecAdvertising costs incurred but not paid for the month was $1,200.

20-DecDepreciation for the month of December was recorded on equipment was $750 ($150 for equipment used in the factory and the remainder for equipment used in selling and administrative activities)

.22-DecManufacturing overhead cost was applied based on direct labor hours to Job #1 based on the POHR determined on the "Job Cost Sheet". (After you journalize this entry please enter the information into Job #1 Cost Sheet)

26-DecJob #1 was completed and transferred to Finished Goods during the month

.28-DecThe completed table from Job #1 was sold on account to the customer for $15,000 during the month. (Hint: Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.

31-DecDirect labor cost incurred but not paid for three employees to start manufacturing Job #2. The employees only worked one hour each, three hours total, $20 per hour during the month and they did not complete their work on the job.

31-DecManufacturing overhead cost was applied based on direct labor hours to Job #2 based on the POHR. Only three direct labor hours were worked on Job #2 during the month.