Job Order Cost Accounting for a Service Company The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on four projects, each for a different client. The Fly Company accumulates costs for each account (client) 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 55% of media purchases. On August 1, the four advertising projects had the following accumulated costs: Vault Bank August 1 Balances $66,400 Take Off Airlines 19,900 Sleepy Tired Hotels 46,500 Tastee Beverages Total 28,600 $161,400 During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts: Media Purchases Direct Labor Vault Bank $43,600 $178,800 Take Off Airlines 19,500 157,300 Sleepy Tired Hotels 85,700 114,900 Tastee Beverages 97,500 86,000 Total $246,300 $537,000 Check My Work At the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services account. a. Journalize the summary entry to record the direct labor costs for the month. a. b. Journalize the summary entry to record the media purchases for the month. b. c. Journalize the summary entry to record the overhead applied for the month. C. d. Journalize the summary entry to record the cometion of Vault Bank and Take Off Airlines for the month.. d. Check My Work Previous Email Instructor Save and Exit Submit Assignment for Grading