eBook Job Order Cost Accounting for a Service Company frastructions Chart of Accounts Journal Instructions x The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on four projects, each for a different client. The Fly Company accumulates costs for each account (client) on the basis of both direct costs and allocated indirect conts. The direct costs include the charged time of professional personnel and media purchases (air time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 68% of media purchases. On August 1, the four advertising projects had the following accumulated costs: August 1 Balances $279,200 Vault Bank Take Off Airlines 78.000 Sleepy Tired Hotels 219,100 Job Order Cost Accounting for a Service Company Instructions Chart of Accounts Journal Instructions On August 1, the four advertising projects had the following accumulated costs: August 1 Balances $279,200 Vault Bank Take Off Airlines 78,000 Sleepy Tired Hotels 219,100 Tostee Beverages 124,900 Total $701,200 During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for each WE Instructions During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising the four accounts: Direct Labor Media Purchases $195,700 $712,200 Vault Bank Take Off Airlines 88,700 623,600 Sleepy Tired Hotels 362,000 455,600 Tastee Beverages 427,400 336,900 Total $1,073,800 $2,128,300 Check My Work UNT-Dallas Canvas border Cost Accounting for a service company Instructions Chart of Accounts Journal Shaded cells have feedback. X DESCRIPTION POST, REF DEBIT CREDIT ASSET 1 1,073,800.00 1 2 1,073,800.00 Instructions Journal DATE Aug. 31 Work in Process Salaries Payable Aug 31 Work in Process Accounts Payable Aug. 31' Work in Process Agency Overhead Aug 31 Cost of Services 3 2,128,300.00 T 4 2,128,300.00 5 1 Work in Process Check My Work Previous