Jan 1} Various Violins, Inc. purchased $35,000 worth of raw materials on account. $30,000 of these materials are direct materials and the remainder are indirect. Record the journal entry to recognize this purchase. The company uses two separate subsidiary accounts to keep track of direct and indirect materials inventory, respectively. These accounts are titled \"Raw Materials Inventory-Direct\" and \"Raw Material Inyentory-IndirectfI Jan 31} Record the journal entry to account for raw materials requisitioned to jobs during January. Use a separate subsidiary account for each individual job. In addition to the direct materials requisitioned, $600 worth of indirect materials were used across all jobs. Jan 31} Record the journal entry to account for the labor costs ofjobs during January. Use a separate subsidiary account for each individual job. In addition to the costs of direct labor, Various Violins spent $300 on indirect labor during the period. $200 of these wages were still payable to employees at period's end and the remainder had already been paid in cash. Jan 31} Record the journal entry to account for the allocation of overhead to all jobs using the standard rate of 40% of direct labor costs. Use separate subsidiary accounts for each job. Jan 31} Various Violins, Inc. completed jobs #1 and #2 during the month. Job #3 is still in process. Various Violins, Inc. DOES NOT use separate subsidiary accounts for finished goods. Jan 31} During the month, Various Violins sold the goods manufactured in job #1forfor$i,3[}0. These sales were on account. Various Violins, Inc. DOES NOT use separate subsidiary accounts for accounts receivable. Jan 31) Various Violins had the following actual overhead costs during January: an accumulated depreciation expense of $400, rent expense of $1,100, and a utilities expense of $500. The rent had previously been paid for in advance and a portion of that rent prepayment expried. The utilities were paid in cash before the period ended. Jan 31) Various Violins, Inc. adjusted for the under/over allocation of manufacturing overhead during the month of January. The company elects to use the write off to COGS method for adjusting allocated overhead.Company Info Various Violins, Inc. is a new manufacturer of string instruments. During the month of January 20XX, Various Violins, Inc. had three jobs in production: Job #1 (the production of 10 violins for Valley View High School,) Job #2 (the production of 20 violins for Crestwood Community College,) and Job #3 (the production of 30 violins for Oriskany Hills High School). Using the information below, please prepare the job cost record for each of Various Violins' jobs during the month. Job #1 "On January 2nd, Job #1's direct laborers requisitioned $450 worth of direct materials (Requisition #1) "On January 3rd, employees worked on Job #1 and were paid $320 in wages for their work (labor time #1). "On January 10th, Job #1's direct laborers requisitioned $350 worth of direct materials (requisition #4). "On January 14th, employees worked on Job #1 and were paid $380 in wages for their work (labor time #4) "As the company does with all jobs, Various Violins, Inc. allocates manufacturing overhead to jobs at a rate of 40% of direct labor costs. Use January 31st as the allocation date. Job Cost Record Job Number Customer Job Description Direct Materials Direct Labor Manufacturing Overhead Date Requisition # Amount Date Labor Time # Amount Date Rate Amount Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit CostJob #2 "On January 3rd, Job #2's direct laborers requisitioned $750 worth of direct materials (Requisition #2) "On January 4th, employees worked on Job #2 and were paid $550 in wages for their work (labor time #2). "On January 20th, Job #2's direct laborers requisitioned $950 worth of direct materials (requisition #5). "On January 24th, employees worked on Job #2 and were paid $650 in wages for their work (labor time #5) "As the company does with all jobs, Various Violins, Inc. allocates manufacturing overhead to jobs at a rate of 40% of direct labor costs. Use January 31st as the allocation date. Job Cost Record Job Number Customer Job Description Direct Materials Direct Labor Manufacturing Overhead Date Requisition # Labor Time # Amount Date Rate Amount Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit CostJob #3 "On January 15th, Job #3's direct laborers requisitioned $1,400 worth of direct materials (Requisition #3) "On January 18th, employees worked on Job #3 and were paid $1,000 in wages for their work (labor time #3). "On January 20th, Job #1's direct laborers requisitioned $820 worth of direct materials (requisition #6). "On January 30th, employees worked on Job #3 and were paid $800 in wages for their work (labor time #6). "As the company does with all jobs, Various Violins, Inc. allocates manufacturing overhead to jobs at a rate of 40% of direct labor costs. Use January 31st as the allocation date. Job Cost Record Job Number Customer Job Description Direct Materials Direct Labor Manufacturing Overhead Date Requisition # Amount Date Labor Time # Amount Date Rate Amount Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit Cost