EX 1616 Job order cost accounting for a service company The Fly Company provides advertising services for dients 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 (dient) on the basis of Weth direct costs and allocated indirect costs. 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 65% of media purchases. On August 1, the four advertising projects had the following accumulated costs: During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts: At the end of August, both the Vault Bank and Take Oif Airlines campaigns were completed The costs of completed campaigns are debited to the cost of services account: Journalize the summary entry to record each of the following for the month: a. Direct labor costs b. Media purchases c. Overtiead applied d. Completion of Vault Bank and Take Off Airlines campaigns