in this month Job 357 and Job K52 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 $5,022 on December 8 for $1,050; and on December 14 for $3,450. In each instance, two-thirds (2/3) of these materials were for JS7 and the rest for K52. Six time tickets were tumed in for these two projects for a total amount of 18 hours of work. All the workers were paid $165 per hour. The time tickets were dated December 3, December 9, and December 15 On each of those days, 6 labor hours were spent on these jobs, two thirds (2/3) for 357 and the rest for K52 The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2.128 hours and the anticipated overhead costs are $842,688 for the year. The machines were used by workers on projects K52 and 57 on December 3, 9 and 15. Sex machine hours were used for project 52 (2 each day), and 85 machine hours were used for project 57(2.5 the first day and 3 each of the other days). Both of those special orders were completed on December 15, producing 200 sprinkler heads for 157 and 100 sprinkler heads for S2 Additional job order activities during this period included: Dec 1 Dec Purchased raw materials from Durbin Supply Company on account for $53,800. Issued $39.700 of direct materials from the company's inventory to jobs other than 52 and 157 and $3,000 of indirect materials 2 Dec 12 Dec 13 Dec 18 Paid Waterways' factory salaries and wages for $65,500. Paid the factory's water bill of $8.900. Transferred $49,500 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 $12,000, prepaid insurance of $8,700, and accumulated depreciation of $16,100, Dec. 21 Dec 31 Set up the job cost sheets for Job No. 357 and Job No K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, e8. 12.25) Job No. 357 Job No, K52 Total Cost $ $ Unit Cost $ $ Date Account Titles and Explanation Debit Credit (To assign materials to jobs 357 & K52) 12/2 (To assign materials to jobs and overhead) (To assign labor to jobs 357 & K52) (To assign overhead to jobs 357 & K52) > (To assign labor to jobs 357 & KS2) (To assign overhead to jobs 357 & K52) (To assign labor to jobs 357 & K52) - /25 I (To assign overhead to jobs 357 & K52) (To record completion of jobs 357 & K52) O II Assuming that Manufacturing Overhead has a debit balance of $3,700, determine whether overhead has been under/over applied and make the adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit in this month Job 357 and Job K52 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 $5,022 on December 8 for $1,050; and on December 14 for $3,450. In each instance, two-thirds (2/3) of these materials were for JS7 and the rest for K52. Six time tickets were tumed in for these two projects for a total amount of 18 hours of work. All the workers were paid $165 per hour. The time tickets were dated December 3, December 9, and December 15 On each of those days, 6 labor hours were spent on these jobs, two thirds (2/3) for 357 and the rest for K52 The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2.128 hours and the anticipated overhead costs are $842,688 for the year. The machines were used by workers on projects K52 and 57 on December 3, 9 and 15. Sex machine hours were used for project 52 (2 each day), and 85 machine hours were used for project 57(2.5 the first day and 3 each of the other days). Both of those special orders were completed on December 15, producing 200 sprinkler heads for 157 and 100 sprinkler heads for S2 Additional job order activities during this period included: Dec 1 Dec Purchased raw materials from Durbin Supply Company on account for $53,800. Issued $39.700 of direct materials from the company's inventory to jobs other than 52 and 157 and $3,000 of indirect materials 2 Dec 12 Dec 13 Dec 18 Paid Waterways' factory salaries and wages for $65,500. Paid the factory's water bill of $8.900. Transferred $49,500 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 $12,000, prepaid insurance of $8,700, and accumulated depreciation of $16,100, Dec. 21 Dec 31 Set up the job cost sheets for Job No. 357 and Job No K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, e8. 12.25) Job No. 357 Job No, K52 Total Cost $ $ Unit Cost $ $ Date Account Titles and Explanation Debit Credit (To assign materials to jobs 357 & K52) 12/2 (To assign materials to jobs and overhead) (To assign labor to jobs 357 & K52) (To assign overhead to jobs 357 & K52) > (To assign labor to jobs 357 & KS2) (To assign overhead to jobs 357 & K52) (To assign labor to jobs 357 & K52) - /25 I (To assign overhead to jobs 357 & K52) (To record completion of jobs 357 & K52) O II Assuming that Manufacturing Overhead has a debit balance of $3,700, determine whether overhead has been under/over applied and make the adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit