Please help with these 6 questions!

1)

Erkens Company uses a job costing system with normal costing and applies factory overhead on the basis of machine hours. At the beginning of the year, management estimated that the company would incur $2,553,000 of factory overhead costs and use 69,000 machine hours. Erkens Company recorded the following events during the month of April: a. Purchased 200,000 pounds of materials on account the cost was $6.00 per pound. b. Issued 130,000 pounds of materials to production, of which 20,000 pounds were used as indirect materials. c. Incurred direct labor costs of $290,000 and $50,000 of indirect labor costs. d. Recorded depreciation on equipment for the month, $77700. e. Recorded expired insurance costs forthe manufacturing property, $4,500. f. Paid $9,500 cash for utilities and other miscellaneous items for the manufacturing plant. g. Completed Job H11 costing $8,500 and Job G28 costing $82000 during the month and transferred them to the Finished goods inventory account. h. Shipped Job 628 to the customer during the month. The job was invoiced at 30% above cosL i. Used 9,700 machine hours during April. Required: 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April. 3a. Compute the amount of overapplied or underapplied overhead. 3b. Prepare ajournal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. c. Incurred direct labor costs of $290,000 and $50,000 of indirect labor costs. [1. Recorded depreciation on equipment for the month, $77,100. e. Recorded expired insurance costs for the manufacturing property, $4,500. 1'. Paid $9,500 cash for utilities and other miscellaneous items for the manufacturing plant. 9. Completed Job H11 costing $8,500 and Job G28 costing $82,000 during the month and transferred them to the Finished goods inventory account. h. Shipped Job (328 to the customer during the month. Thejob was invoiced at 30% above cost. i. Used 9,700 machine hours during April. Required: 1- Compute Erkens Company's predetermined overhead rate for the year. 2. Preparejournal entries to record the events that occurred during April. 3a. Compute the amount of overapplied or underapplied overhead. 3b. Prepare ajournal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. 0 Answer is not complete. Complete this question by entering your answers in the labs below. Prepare journal entries to record the events that occurred during April. (If no entry is required for a transactionfevent, select "No journal entry required" in the rst account eld.) 1 a. Materials inventory 9 1,200,000 0 Accounts payable 0 1,200,000 a Work-in-process inventory 240,000 0 Factory overhead 120,000 0 Materials inventory 360,000 9 Alles Company uses ajob costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February '1. During the month of February, the company worked on these threejobs: Job Hurber BIB C44 615 Direct labor' ($6fhour'j $35,360 5' $18,560 Direct materials 43,860 52,690 9 Overhead applied 9' 22,690 5,256 [ During the month, the company completed and transferred Job 810 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Workin-Process at the cost of $158,650 at the end of the month. Actual factory overhead costs during the month totaled $40,000. Required: '. What is the predetermined factory overhead rate? 2. Compute the amount of underapplied or overapplied overhead for February. 6 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined factoryr overhead late? {Round your answer to 2 decimal places.) er direct labor 36'450'00 a Seller Required 2 > Alles Company uses ajob costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the month of February, the company worked on these threejobs: Job Nul'ber BIB C44 (515 Direct labor ($6fhour] $35,668 ? $18,560 Direct materials 43,366 62,860 9' Overhead applied 5' 22,860 5,250 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in WorkinProcess at the cost of $158,650 at the end of the month. Actual factory overhead costs during the month totaled $40,000. Required: 1_ What is the predetermined factory overhead rate? 2. Compute the amount of underapplied or overapplied overhead for February. 0 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of underapplied or overapplied overhead for February. (Do not round intermediate calculations.) Overapplied a $104 9509 Whitley Construction Company is in the home remodeling business. Whitley has three teams of highly skilled employees, each of whom has multiple skills involving carpentry, painting, and other home remodeling activities. Each team is led by an experienced employee who coordinates the work done on each job. As the needs of differentjobs change, some team members may be shifted to other teams for short periods of time. Whitley uses a job costing system to determinejob costs and to serve as a basis for bidding and pricing thejobs. Direct materials and direct labor are easily traced to eachjob using Whitley's costtracking soware. Overhead consists ofthe purchase and maintenance of construction equipmentr some supervisory labor, the cost of bidding for new customers, and administrative costs. Whitley uses an annual overhead rate based on direct labor hours. Whitley has recently completed work for three clients: Harrison, Barnes, and Tyler. The cost data for each of the threejobs are summarized below: Direct Direct Direct Labor Labor Job Materials Hours Cost Harrison 5 6,888 35 $15,655 Barnes 13,354 86 23,282 Tyler 43,496 "144- 58,?52 Budgeted direct materials cost and direct labor cost for the year are estimated at $495,000 and $690,000, respectively. Direct labor hours are budgeted at 27,000 hours, and total overhead is budgeted at $756,000. Required: 1. Calculate the total cost of each ofthe threejobs. 2. Suppose that for the entire year, Whitley used 28,300 labor hours and total actual overhead was $798,000. What is the amount of underapplied or overapplied overhead? Complete this question by entering wur answers in the tabs below. Required 1 Required 2 Calculate the total dost of each of the three jobs. Required 2 ) Whitley Construction lCompany is in the home remodeling business. Whitley has three teams of highly skilled employees, each of whom has multiple skills involving carpentry, painting, and other home remodeling activities. Each team is led by an experienced employee who coordinates the work done on each job. As the needs of differentjobs change, some team members may be shifted to other teams for short periods of time. Whitley uses a job costing system to determinejob costs and to serve as a basis for bidding and pricing thejobs. Direct materials and direct labor are easily traced to eachjob using Whitley's cost tracking software. Overhead consists of the purchase and maintenance of construction equipment, some supervisory labor, the cost of bidding for new customers, and administrative costs. Whitley uses an annual overhead rate based on direct labor hours. Whitley has recently completed work for three clients: Harrison, Barnes, and Tyler. The cost data for each of the threejobs are summarized below: Direct Direct Direct Labor Labor Job Materials Hours Cost Harrison $ 6,388 35 $15,655 Barnes 13,354 85 23,282 Tyler\" 43,490 144 58,?52 Budgeted direct materials cost and direct labor cost for the year are estimated at $495,000 a nd $690,000, respectively. Direct labor hours are budgeted at 27,000 hours, and total overhead is budgeted at $756,000. Required: 1. Calculate the total cost of each of the th reejobs. 2. Suppose that for the entire year, Whitley used 28,300 labor hours and total actual overhead was $798,000. What is the amount of underapplied or overapplied overhead? Complete this question by entering your answers in the labs below. Required 1 Required 2 Suppose that for the entire year, Whitley used 28,300 labor hours and total actual overhead was $793,000. what is the _ amauntafundemPPI'e'jOFOVE'EPPI'EdOVETheam Required 1 Required 2 Required 3 Required 5 Compute the departmental overhead rate and amount of applied overhead for Department A using direct labor hours as the allocation base and for Department B using machine hours as the allocation base. (Round "Predetermined Overhead Rate" answer to 2 decimal places.) Using direct labor-hours for Department A: Using machinehours for Department 3: