E15.11 (L01, 3, A) -The following are the job cost related accounts for the law firm of Colaw Associates and their manufacturing equivalents: Prepare entries for costs of services provided. Law Firm Accounts Manufacturing Firm Accounts Supplies Raw Materials Salaries and Wages Payable Factory Wages Payable Operating Overhead Manufacturing Overhead Sen/ice Contracts in Process Work in Process Cost of Goods Sold Cost data for the month of March follow. 1. Purchased supplies on account $1,800. 2. Issued supplies $1,200 (60% direct and 40% indirect). 3. Assigned labor costs based on time cards for the month which indicated labor costs of $70,000 (80% direct and 20% indirect). 4. Operating overhead costs incurred for cash totaled $40,000. 5. Operating overhead is applied at a rate of 90% of direct labor cost. 6. Work completed totaled $75,000. Instructions a. Journalize the transactions for March. (Omit explanations.) b. Determine the balance of the Service Contracts in Process account. (Use a T-account.) E15.4 (L01, 5), AN Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. [Analyze costs of manufacturing and determine missing amounts. ] Case A Case B Direct materials used $ (a) $ 83,000 50,000 140,000 Manufacturing overhead applied 42,500 (d) Total manufacturing costs 145,650 (e) Work in process 1/1/20 (b) 15,500 Total cost of work in process 201,500 (f) Work in process 12/31/20 (0) 11,800 Cost of goods manufactured 192,300 (g) Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. E15.13 (L0_3, ) Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. [Determine predetermined overhead rate, apply overhead, and determine whether balance under- or overapplied. ] Estimated overhead $960,000 Actual overhead $982,800 Estimated decorator hours 40,000 Actual decorator hours 40,500 The company uses Operating Overhead in place of Manufacturing Overhead. Instructions a. Compute the predetermined overhead rate. b. Prepare the entry to apply the overhead for the year. c. Determine whether the overhead was under- or overapplied and by how much