Mangerial confusion

1.30 (9' \"at..." 14/0 ACCT 1220 TEST 3 A - Read-only 6 plE'lO? Read Only You can't save changes to t... v ACCT 1220 TEST 3? 3A Name 81 ID# 1. The following information was taken from the job cost sheet for Job 104 for MO's Manufacturing Company: Date started: July 5 Date completed: August 22 Direct Direct Fay M % materials labor overhead Total July 5 $3,500 July 15 $ 1000 $450 July 17 1,800 July 22 1,550 775 August 1 1,500 August 22 800 300 Job 104 was sold on account on August 29 for 180% of its cost. Required: Prepare summary journal entries to record the costs incurred for Job 104 in the current A' year for direct materials, direct labor, and factory overhead. B, Prepare the journal entry to record the completion of Job 104' What is the predetemrined factory overhead rate for MO's? D. Prepare the journal entries to record the sale of Job 104. 2. Taylor Corporation produces two models of their leather brief cases: deluxe and standard. The four activities and four drivers are as follows: Hours Activities: Cost Driver Deluxe Standard Total Cutting 3 96,00 Cutting hours 2,200 1,300 3,500 Assembling 42,000Assemb1y hours 1,150 980 2,130 Inspecting 15,0001nspection hours 800 500 1,300 Reworkinz 8.0001Rework hours 20 35 55