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Creative Web Design uses a job-order costing system to track the costs of its web design projects. The company provides complete website design and hosting

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Creative Web Design uses a job-order costing system to track the costs of its web design projects. The company provides complete website design and hosting services. The following table provides data concerning the three design projects that were in process during May. There was no work in process at the beginning of May Project Happy Daycare Designer hours. Direct labour cost Car city 90 2 ,430 Jan's flowers 60 5 1,200 5 $1,320 Actual overhead costs were $3.250 for May. Overhead costs are applied to projects on the basis of designer hours. The predetermined overhead rate is $22 per designer hour. The Car City and Jan's Flowers projects were completed in May, the Happy Daycare project was not completed by the end of the month No other jobs were in process during May Required: 1. Compute the amount of overhead cost that would have been charged to each project during May Car City Jan's Flowers Happy Daycare lOverhead applied Ps 12701 1.930 2. Prepare a journal entry showing the completion of the Car City and Jan's Flowers projects and the transfer of costs to the Completed Projects (t.e., Finished Goods) account. (if no entry is required for a transaction/event, select "No journal entry requ in the first account field.) View transaction list View journal entry worksheet No Transaction Credit General Journal Manufacturing overhead Completed projects Debit 5,570 5,570 of 7 !! Next >

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