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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

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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 FIL 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 50% of media purchases. On August 1, the four advertising projects had the following accumulated costs: Vault Bank Take Off Airlines August 1 Balances $78,400 23,500 54,900 33,700 $190,500 Sleepy Tired Hotels Tastee Beverages Total 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 Take Off Airlines Sleepy Tired Hotels Tastee Beverages $55,000 24,500 108,100 122,900 $310,500 Media Purchases $200,000 176,700 129,000 96,500 $603,000 Total At the end of August, both the Vault Bank and Take On Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services accel Previous Next astee Beverages * Vou Total 122,900 $310,500 96,500 $603,000 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 ar a. 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. a. 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. - Journalize the summary entry to record the overhead applied for the month. If an amount box does not require an entry, leave it blank. - 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

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