Helal System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT: URCES 1 5021 Study Waterways Problem 02a-c Waterways has two major public park projects to provide with comprehensive imigation in one of its service locations this month Job 357 and 106 KS2 involve 15 acres of landscaped terrain, which will require special order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December Raw materials were requisitioned from the company's inventory on December 2 for $5,028; on December 8 for $1,068, and on December 14 for $3,471. In each instance, two-thirds (2/3) of these materials were for 57 and the rest for KS2. Sex time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.5 per hour. The time tickets were dated December 3, December, and December 15, on each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for 157 and the rest for $2. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,094 hours, and the antiopeted overhead costs are $529,224 for the year. The machines were used by workers on projects K52 and 57 on December 3, 9 and 15. Six machine hours were used for project 52 (2 each day), and 8.5 machine hours were used for project 57C2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for $57 and 100 sprinkler heads for $2. Additional job order activities during this period included: Dec. 1 Purchased raw materials from Durbin Supply Company on account for $53,600. Dec. 2 Issued $40,000 of direct materials from the company's inventory to jobs other than 52 and 357 and 13,100 of indirect materials Dec. 12 Paid Waterways' factory salaries and wages for $64,700 Dec 13 Pad the factory's water bill of $9,000 Dec. 18 Transferred $49.700 of costs from other completed jobs to finished goods. Paid the factory's electric bill of $11,900 for Waterways' factory Made adjusting entries forth factory that included accrued property taxes of $11.900, prepaid insurance of 58.000, and accumulated depreciation or $16.000. Dec. 21 Dec. 31 3 Your awer is incorrect. Try again, Set up the job tost sheets for Soba 357 and Sat No. 652. Determine the total cost for each manufacturing special order for these jobs. (Round wie coatx te 2 decimal places. 12.28.) Job No. 157 Job No. KS2 Total Cost Un Cost SHOW LIST OF ACCOUNT IN TEIT LUS paten. Aeneancements Weygandt, Managerial Accounting, Be CALCWATOR PRINTER VERSION HACK 21 Journalize the activities from these yob cost sheets in the general journal. Also, Journalize the other costs that occurred during this period. (Credit account titles are automatically indeed amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to decimal places. 5.295.) Date Account Tities and Explanation Debit Credit 131 Raw Materials Inventory 3600 Accounts Payable 51600 12/2 Work in Process Inventory Raw Materials Inventory [Tosin materials to jobs 357 KS2) 12/2 Work in Process Inventory Manufacturing overhand Ravi Materials thventory (Tosin materials to jobs and overhead) allwork in Process Inventory Factory Labor (To assign labor to jobs S7 & K52) 123 Work in Process Inventory C Manufacturing Overhead (To is verhead to jobs 357 852) 12/1 Work in Process inventory Hilal System Announcements CALCULATOR PRINTER VERSION RAC URCES 15021 am 12/8 Work in Process Inventory Raw Materials Inventory 13/9 Work in Process Inventory Study Factory Labor (To assign tabor to jobs 357 & K52) 12/9 work in Process Inventory Manufacturing Overhead (To assign overhead to jobs 357 A KS2) 12/12 Factory Labor Cash 12/13 I Manufacturing Overhead Cash 1314Work in Process Inventory Raw Materials inventory 12/15 Work in Process Inventory Factory Labor (To assignatsor to jobs 157 & KS2) CALCULATOR PRINTER VERSION # RAC 12/15 Work in Process Inventory Manufacturing Overhead (To assign overhead to yobs 357 & KS2) KS2) 12/15 Finished Goods Inventory Work In Process Inventory (To record completion of yobs 357 & K52) 12/15 Finished Goods Inventory Work in Process Inventory 12RI Manufacturing Overhead Cash 12/31 Manufacturing Overhead Property Tax Payable Prepaid Insurance Accumulated Depreciation Equipment SHOW LIST OF ACCOUNTS LENTO TEXT LINK TO TIEKOT LINK TO TERY LINK TO TEXT LINK TO TEXT LINK TO TENY UNK TO TY LAN YO TEXT LINK TO TERT LINK TO TEXT Your answer is partially correct. Try again Assuming that Manufacturing Overhead has a debit balance of 53,700, determine whether overhead has been under/over applied and make the adjusting entry. (Credit untitles are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Credit Debit 13/cost of Goods Sold Manufacturing Overhead SHOW LIST OF ACCOUNTS LINK TO TEKT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Helal System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT: URCES 1 5021 Study Waterways Problem 02a-c Waterways has two major public park projects to provide with comprehensive imigation in one of its service locations this month Job 357 and 106 KS2 involve 15 acres of landscaped terrain, which will require special order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December Raw materials were requisitioned from the company's inventory on December 2 for $5,028; on December 8 for $1,068, and on December 14 for $3,471. In each instance, two-thirds (2/3) of these materials were for 57 and the rest for KS2. Sex time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.5 per hour. The time tickets were dated December 3, December, and December 15, on each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for 157 and the rest for $2. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,094 hours, and the antiopeted overhead costs are $529,224 for the year. The machines were used by workers on projects K52 and 57 on December 3, 9 and 15. Six machine hours were used for project 52 (2 each day), and 8.5 machine hours were used for project 57C2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for $57 and 100 sprinkler heads for $2. Additional job order activities during this period included: Dec. 1 Purchased raw materials from Durbin Supply Company on account for $53,600. Dec. 2 Issued $40,000 of direct materials from the company's inventory to jobs other than 52 and 357 and 13,100 of indirect materials Dec. 12 Paid Waterways' factory salaries and wages for $64,700 Dec 13 Pad the factory's water bill of $9,000 Dec. 18 Transferred $49.700 of costs from other completed jobs to finished goods. Paid the factory's electric bill of $11,900 for Waterways' factory Made adjusting entries forth factory that included accrued property taxes of $11.900, prepaid insurance of 58.000, and accumulated depreciation or $16.000. Dec. 21 Dec. 31 3 Your awer is incorrect. Try again, Set up the job tost sheets for Soba 357 and Sat No. 652. Determine the total cost for each manufacturing special order for these jobs. (Round wie coatx te 2 decimal places. 12.28.) Job No. 157 Job No. KS2 Total Cost Un Cost SHOW LIST OF ACCOUNT IN TEIT LUS paten. Aeneancements Weygandt, Managerial Accounting, Be CALCWATOR PRINTER VERSION HACK 21 Journalize the activities from these yob cost sheets in the general journal. Also, Journalize the other costs that occurred during this period. (Credit account titles are automatically indeed amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to decimal places. 5.295.) Date Account Tities and Explanation Debit Credit 131 Raw Materials Inventory 3600 Accounts Payable 51600 12/2 Work in Process Inventory Raw Materials Inventory [Tosin materials to jobs 357 KS2) 12/2 Work in Process Inventory Manufacturing overhand Ravi Materials thventory (Tosin materials to jobs and overhead) allwork in Process Inventory Factory Labor (To assign labor to jobs S7 & K52) 123 Work in Process Inventory C Manufacturing Overhead (To is verhead to jobs 357 852) 12/1 Work in Process inventory Hilal System Announcements CALCULATOR PRINTER VERSION RAC URCES 15021 am 12/8 Work in Process Inventory Raw Materials Inventory 13/9 Work in Process Inventory Study Factory Labor (To assign tabor to jobs 357 & K52) 12/9 work in Process Inventory Manufacturing Overhead (To assign overhead to jobs 357 A KS2) 12/12 Factory Labor Cash 12/13 I Manufacturing Overhead Cash 1314Work in Process Inventory Raw Materials inventory 12/15 Work in Process Inventory Factory Labor (To assignatsor to jobs 157 & KS2) CALCULATOR PRINTER VERSION # RAC 12/15 Work in Process Inventory Manufacturing Overhead (To assign overhead to yobs 357 & KS2) KS2) 12/15 Finished Goods Inventory Work In Process Inventory (To record completion of yobs 357 & K52) 12/15 Finished Goods Inventory Work in Process Inventory 12RI Manufacturing Overhead Cash 12/31 Manufacturing Overhead Property Tax Payable Prepaid Insurance Accumulated Depreciation Equipment SHOW LIST OF ACCOUNTS LENTO TEXT LINK TO TIEKOT LINK TO TERY LINK TO TEXT LINK TO TEXT LINK TO TENY UNK TO TY LAN YO TEXT LINK TO TERT LINK TO TEXT Your answer is partially correct. Try again Assuming that Manufacturing Overhead has a debit balance of 53,700, determine whether overhead has been under/over applied and make the adjusting entry. (Credit untitles are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Credit Debit 13/cost of Goods Sold Manufacturing Overhead SHOW LIST OF ACCOUNTS LINK TO TEKT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT