HOP# 1 Job #AAI 10, which was completed during January, cosas Job #AAI 11. which was also completed during January, consisted of 70 units. Jobs #AAI 12 and #AAI 13 were not coupleted during January The Job Shop sells units for 140% of their manufacturing cost. January, cousisted of 40 uuts. REQUIRED a. Prepare journal eatries to record the following:w Ca 1. Use of direct materials during Janry 2. The direct labor payroll for the month. 3. Application of mamfacturing ovethead for J 4. Actual manufacturing overhead for January 5. Completion of Jobs #AAI 10 and #AA111 6. A credit sale of 30 units from Job #AAI 10 and 40 January units from Job #AAI 11. b. What is The Job Shop's over- or under-applied overhead at the end of January? c. What was the balance of The Job Shop's Work-in-Process account on Jaumary 1 20 8? d. What was the balance of The Job Shop's Work-in-Process account on January 31 20 8? )lo HOP#1 The Job Shop prodtuces a variety of products nsing the equipment in their factory. They use job order costing and apply manufacturing overhead on the basis of machine hours worked using a predetertinined overfiead rate. During 20 S, The Job Shop expects to incur S260,000 of minfactnring overhead. They expect to work 10,400 machine hours On January 1, 20-8. The Job Shop had one Job #AA 110 in the factory. The job cost sheet for Job #AAI 10 shows that $5,400 of direct material had been used on the Job 20 7. Direct labor used on the job in 20 7 was S1.050 and manufacturing over applied to the job in 20_7 was $3,450. Production was started on threejobs during January: #AA111, #AAI 12. #AA113. Material requisitioned during January was as follows $800 for #AA110 $6,700 for #AA111 S4.900 for #AAI 12 S3,100 for HAA13 Direct labor incutred during January was as follows S300 for #AA110 $1.500 for #AA111 $900 for #AA112 S500 for #AA113 Machine hours worked during January were as follows 80111h on #AA110 260th on #AA111 150mil ou mAAI 12 I 101nh on #AA113 Manufacturing Overhead incurred during Jannary was as follows: $13.600 of depreciation on plaat and equipment S500 of insurance on the plant $3.100 of utilities, and $3,700 of indirect labor. Job Shop had paid for the insurance in 20 7. Utilities will be paid for in February 20 8