job order cost accounting for a service company the

Job Order Cost Accounting for a Service Company ON The Fly Company provides advertising Services for clients across the nation. Thelly Company is presently working on for projects, each for a allerent cient The Fly Company accurates costs for each account (dient) 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 adspace) Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 10% media purchases On August 1, the four advertising projects had the following accumulated costs: August 1 Balances Vault Bank 21,400 Take Off Airlines Sleepy Tired Hotels 49,900 30,700 $177,100 During August, The Fly Company incurred the following direct labor and media purchase Contrated to preparing av Direct Labor Vault Bank $51.500 Media Purchases $112.200 160,300 23,000 Take Off Airlines Sleepy Tired Hotels 101,200 112,100 Tastee Beverages 115,200 Total $290,900 $547.000 At the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The cost of completed campaigns are debited to the cost of services account Previous Next > Tastee Beverages 115,200 Total $290,900 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. 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 box does not require an entry, leave it blank. C. Joumalize 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. Previous