Floyd's Auto Repair Shop uses a job order cost system to track the cost of each repair. Floyd's applies its garage or shop overhead at a $.$raea tne $$ol$$owing actua overnead costs:

f$.$ Completed repair jobs costing $$54,000$ and charged customers at cost plus an additional $39$ percent. $($Note: You can bypass the

Finished Goods Inventory account, which would not be used in this context.$)$

Required:

Prepare journal entries for transactions $($a$)$ through $($f$)$ using the account names shown and other appropriate accounts such as Cash,

Payables, Accumulated Depreciation, Prepaids, and Sales Revenue.

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.

rate of $$20$ per direct labor hour spent on each repair. Floyd's uses the following accounts to track the cost of all repairs:

Because an auto shop does not manufacture a product, the overhead cost would include all of the indirect costs that are incurred in

the garage or shop that cannot be traced to a specific repair job.

The following transactions occurred during the most recent month:

a$.$ Purchased raw materials $($parts and supplies$)$ on account $$21,800.$

b$.$ Used $$16,800$ in raw materials $($parts and supplies$).$ Of this, $$13,000$ was for major parts that were traceable to individual repair

jobs, and the remainder was for incidental supplies such as lubricants, rags, fuel, and so on$.$

c$.$ Recorded a total of $$8,600$ in direct labor cost $($for $430$ hours$)$ that are owed but not yet paid.

d$.$ Applied overhead to repair jobs at a rate of $$24\mathrm{.}30$ per direct labor hour.

e$.$ Recorded the following actual overhead costs:

Rent on garage $($prepaid in the prior month$)$