Job Order Cast Accounting for a Service Company The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on tour projects, each for a different client. The Fly Company accumulates costs for each account (cient) on the basis of both direct costs and allocated indirect costs. The direct costs include the charged time of professional personnel and media purchases (air time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 45% of media purchases. On August 1, the four advertising projects had the following accumulated costs: August 1 Balances Vault Bank 556,500 Take Off Airlines 17,000 Sleepy Tired Hotels 39,000 Tustee Beverages 24,300 Total $137.400 During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts: Direct Labor Vault Bank $39,000 $147,200 Toke Off Airlines 17,400 129,500 Sleepy Tired Hotels 76,700 Tastee Beverages 87,300 70,700 Total $220.400 $442,000 Media Purchases 944,600 BOOK Print Item services account 3. Journalize the summary entry to record the direct labor costs for the month. If an amount box does not require an entry, leave it blank b. Journalize the summary entry to record the media purchases for the month. If an amount box does not require an entry, leave it blank. b. c Journalize the summary entry to record the overhead applied for the month. If an amount box does not require an entry, leave it blank d. Journalize the summary entry to record the completion of vault Bank and take off Airlines for the month. If an amount box does not require an entry, leave it blank. d (Previous Ned