Erkens Company uses a job costing system with normal costing and applies factory overhead on the basis of machine hours. At the beginning of the year, management estimated that the company would incur $1,769,000 of factory overhead costs and use 61,000 machine hours Erkens Company recorded the following events during the month of April: a. Purchased 184,000 pounds of materials on account; the cost was $5.20 per pound b. Issued 122,000 pounds of materials to production, of which 16,000 pounds were used as indirect materials. c. Incurred direct labor costs of $250,000 and $42,000 of indirect labor costs. d. Recorded depreciation on equipment for the month, $76,100. e. Recorded insurance costs for the manufacturing property, $3,700. f. Paid $8,700 cash for utilities and other miscellaneous items for the manufacturing plant. g. Completed Job H11 costing $7,700 and Job G28 costing $78,000 during the month and transferred them to the Finished goods inventory account. h. Shipped Job G28 to the customer during the month. The job was invoiced at 35% above cost. i. Used 8,100 machine hours during April. Required 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3A Req 3B Compute Erkens Company's predetermined overhead rate for the year overhead rate per machine hour Required: 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs belovw Req 1 Req 2 Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journ entry required" in the first account field.) View transaction list Journal entry worksheet Purchased 184,000 pounds of materials on account; the cost was $5.20 per pound Note: Enter debits before credits. Transaction General Journal Debit Credit a. Required 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during Apri 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs below Req 1 Req 2Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Issued 122,000 pounds of materials to production, of which 16,000 pounds were used as indirect materials. Note: Enter debits before credits. Transaction General Journal Debit Credit KPre 6 of 8 Next Required 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April. 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30 Complete this question by entering your answers in the tabs below Req 1 Req 2Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 10 Incurred direct labor costs of $250,000 and $42,000 of indirect labor costs Note: Enter debits before credits. Transaction General Journal Debit Credit C. Prev 6 of 8 Next Required 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. ed Complete this question by entering your answers in the tabs below Req 1 Req 2Req 3AReq 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list ces Journal entry worksheet 2 345 67 8 9 10 > Recorded depreciation on equipment for the month, $76,100 Note: Enter debits before credits. Transaction General Journal Debit Credit Required: 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April. 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 456 7 8 9 10 Recorded insurance costs for the manufacturing property, $3,700 Note: Enter debits before credits Transaction General Journal DebitCredit Requirea: 1. Compute Erkens Company's predetermined overhead rate for the year 2. Prepare journal entries to record the events that occurred during April. 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Paid $8,700 cash for utilities and other miscellaneous items for the manufacturing plant. Note: Enter debits before credits Transaction General Journal Debi t Credit Required 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. ts Skipped Complete this question by entering your answers in the tabs below eBook Req 1 Req 2 Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Print View transaction list ferences Journal entry worksheet K12 3 5 678 9 10 Completed Job H11 costing $7,700 and Job G28 costing $78,000 during the month and transferred them to the Finished goods inventory account. Note: Enter debits before credits. Transaction General Journal Debit Credit Required 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April. 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied t of goods sold on April 30 ipped Complete this question by entering your answers in the tabs below. Book Req 1 Req 2 Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list rences Journal entry worksheet Record the cost of the Job G28 which was shippped to the customer during the month. Note: Enter debits before credits. nsaction General Journal Debit Credit h-1 KPre 6 of 8 Next > Required: 1. Compute Erkens Company's predetermined overhead rate for the year 2. Prepare journal entries to record the events that occurred during April. 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. kipped Complete this question by entering your answers in the tabs below Book Req 1 Req 2 Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Print View transaction list ferences Journal entry worksheet 1234567819110 Record the invoice issued for Job G28. The sale was made at 35% above cost. Note: Enter debits before credits. Transaction General Journal Debit Credit h-2 Required 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April. 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3A Req 3B Prepare journal entries to record the events that occurred during April. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Used 8,100 machine-hours during April Note: Enter debits before credits Transaction General Journal DebitCredit Check nm Erkens Company recorded the following events during the month of April a. Purchased 184,000 pounds of materials on account; the cost was $5.20 per pound. b. Issued 122,000 pounds of materials to production, of which 16,000 pounds were used as indirect materials. c. Incurred direct labor costs of $250,000 and $42,000 of indirect labor costs. d. Recorded depreciation on equipment for the month, $76,100. e. Recorded insurance costs for the manufacturing property, $3,700 f. Paid $8,700 cash for utilities and other miscellaneous items for the manufacturing plant. g. Completed Job H11 costing $7,700 and Job G28 costing $78,000 during the month and transferred them to the Finished goods ed inventory account. h. Shipped Job G28 to the customer during the month. The job was invoiced at 35% above cost. i. Used 8,100 machine hours during April. ok Required 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April. 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3A Req 3B Compute the amount of overapplied or underapplied overhead Req 2 Req 3B> ework Saved HelpS 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs below pped Req 1 Req 2 Req 3A Req 3B Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) ook View transaction list rint Journal entry worksheet Record the entry to close the overhead account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal