Curiosity Ltd uses a job-order costing system and produces sensors for homes. The company applies overhead at a rate of 90% of direct labour cost. During June, the company purchased direct materials on credit for S34,000, incurred wages payable to factory personnel of $21,600. Manufacturing overheads incurred were depreciation of factory for $10,000 and $6,500 for utilities to be paid in July. At the beginning of June the job cost sheets show that the following three jobs were still incomplete. All three jobs were started in May. Job C23 Job TOS Job H60 Direct labour $5,000 $17,000 $1,000 Direct materials 7,000 12,000 800 During June 2021, the following were assigned to the three jobs. Job C23 Job T05 Job H60 Direct labour $6,100 S4,300 $11,200 Direct materials 2,500 1,200 14,000 Only Job C23 was completed in June. It was sold at a mark-up of 30%. Required (Show your workings clearly, including labelling the numbers used in calculations.) (a) (3 marks) Provide journal entries for the accumulation of costs in June 2021. No narrations are required. (b) (4 marks) What is the total cost of jobs that are still in process at the beginning of June? Where will this amount show up in the work in process account? ) (4 marks) Based on the information provided above, prepare a job cost sheet for JobC23 using the design you have learned in the lecture or in your textbook. (d) (2 marks) What is the total cost of jobs that are still in process at the end of June? Identify the jobs clearly. (e) (2 marks) Your friend wants to apply job order costing in her business selling custom-made toy houses. Based on what you have learnt from your homework exercises and lectures, identify any one area in job order costing that you think is important for your friend to understand. Explain why it is an important area