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Please BOLD answers and show work!! Thanks :) Problem 11-18 (Part Level Submission Bechtel Technical Clothing produces parkas used by arctic explorers, mountain climbers, and

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Please BOLD answers and show work!!

Thanks :)

Problem 11-18 (Part Level Submission Bechtel Technical Clothing produces parkas used by arctic explorers, mountain climbers, and people living in Minnesota. The company uses a standard costing system, and standards call for 2.5 yards of material at $55 per yard for each parka. The standard cost for labor is 3.5 hours at $35 per hour. Standard overhead is $14 per unit. For the year 2015, expected production is 7,200 parkas with fixed overhead of $57,000 and variable overhead of $6.3 per parka. During 2015, 8,500 parkas were manufactured. The company purchased 23,800 yards of material at a cost of $1,380,400. Production required 22,500 yards of material. The cost of direct labor was $1,000,000 for 27,700 hours. Actual overhead for the year was $83,500. All purchases are on account. Prepare a journal entry to record the purchase of material. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation (To record the purchase of raw material) (b) Prepare a journal entry to record material used in production. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record the use of raw material) (c) Prepare a journal entry to record direct labor. (Round intermediate calculations to 4 decimal places, e.g. 1.6254 and final answers to o decimal places, e.g. 125. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record direct labor)

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