NMENT RESOURCES Practice Spring otom 2-4A ed (Part Lane www.Sca Aults by Study Waterways Problem 02 avc (Part Level Submission) Waterways has two major public-park projects to provide with comprehensive rigation in one of its service locations this mon 3b 357 and b K52 invive 15 acres of landscaped terrain, which will require special-order, sprinkler heads to meet the specifications of the project. Lung a job cost system to produce these parts, the following events occurred during December Raw materials were requisitioned from the company's inventory on December 2 for $5.091; on December 6 for $1,050, and on December 14 for $3,495. Je each instance, two-thirds (2/3) or these materials were for 157 and the rest for K52 Six tickets were met in for these two projects for a total amount of 18 hours of work All the workers were paid $17.5 per hour. The time tickets were dated December 3, December 9, and December 15 On each of those days, & labor hours were spent on these john, two-thirds (2/3) for 357 and the rest for K52 The predetermined overhead rates based on machine hours. The expected machine hour use for the year is 2,096 hours, and the antiopeted overhead costs are $838,400 for the year. The machines were used by workers on projects K52 and 257 on December 3, 9, and 15. Six machine hours were used for project KS2 (2 each day), and 8.5 machine hours were used for project 157 (2-5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler beads for 357 and 100 sprinkler heads for S Additional job order activities during this period included: Dec 1 Dec. 2 Issued $40,400 of direct matenais from the company's inventory to jobs other than K52 and 357 and $3,000 of indirect material Purchased raw materials from Durbin Supply Company on account for $53,500 Dec. 12 Peid Waterways fectury salaries and wages for $65,500. Dec 13 Paid the factory's water boil of $9,000. Dec. 18 Transferred $30,500 of costs from other completed jobs to froshed goods. Paid the factory's electric bill of $11,900 for Waterways factory Dec. 21 Dec 31 Made adjoining entries forth factory that included accrued property taxes of $12,100, preped insurance of $1,700, and accumulated depreciation of $16,000