please solve 1, 2, 3, 4, 6, 7, and 13
Current Attempt in Progress BonitaWings, Inc. manufactures airplanes for use in stunt shows. Bonita's factory is highly automated, using the latest in robotic technology. To keep costs low, the company employs as few factory workers as possible. Since each plane has different features (such as its shape, weight, and color), Bonita uses a job order costing system to accumulate product costs. At the end of 2020, Bonita's accountants developed the following expectations for 2021 based on the marketing department's sales forecast: Budgeted overhead cost Estimated machine hours Estimated direct labor hours Estimated direct materials cost $1.050,000 50,000 9.000 $1,500,000 Bonita's Inventory count, completed on December 31, 2020 revealed the following ending inventory balances: Raw Materials inventory Work in Process inventory Finished Goods inventory $251.000 $625.000 $2,080.000 The company's 2021 payroll data revealed the following actual payroll costs for the year Number Employed Annual Salary per Employee Wage Rate per Hour Job Title Total Hours Worked per Employee The company's 2021 payroll data revealed the following actual payroll costs for the year: Wage Rate per Hour Total Hours Worked per Employee Job Title President and CEO Vicepresident and CFO Factory manager Assistant factory manager Machine operator Security guard factory Forint certo Corporate secretary Janitor, factory Number Employed 1 1 1 1 5 2 2 1 2 Annual Salary per Employee 5224.000 $177.000 $40300 $31.400 $15 520.400 $8 2.000 $35.700 $6 2.150 The following information was taken from Bonitas Schedule of Pants Altre depreciated using the strane Plant Ansel Administrative office Factory ouiment Purchase Price 54.000.000 5650.000 52 000 000 Salvage Value $150.000 $125.000 $20.000 Useful Life 20 Years 30 Year 12 Years Cost Factory insurance expired Amount $12.300 Other miscellaneous costs for 2021 all paid in cash included: Cost Factory insurance (fully expired) Administrative office utilities Factory utilities Office supplies fully consumed Amount $12.300 $5.400 $30,100 $4,100 Additional Information about Bonita's operations in 2021 includes the following Raw materials purchases for the year amounted to $1.945,000. All materials were purchased on account The company used $1.860,000 in raw materials during the year of that amount, 85% was direct materials and 15% was indirect materials Bonita applied overhead to Work in Process Inventory based on direct materials cost. Airplanes costing $3.450.000 to manufacture were completed and transferred out of Work in Process Inventory Bonita uses a markup of 150% to price its airplanes Sales for the year were 56,570,000. All sales are made on account Note: This transaction requires to journal entries) + la Debit Credit No. Account Titles and Explanation Operating Expenses 436700 436700 Salaries Payable (To record salaries for president, vice president, and corpoarte secretary) Manufacturing Overhead 2. 40300 40300 (To record salaried factory worker costs) Work in Processory 3 88101 Direct Labor 62650 25455 We Payable (To record hourly factory worker costs) Operating Exem 4 17500 17500 Need Depreciation (To record depreciation on administrative office equipment) Marting Overead 5. 357500 Accued Depreciation (To record depreciation on factory building and equipment 357500 6 Operating Expenses 9500 Supplies inventory 4100 5400 Accounts Payable (To record administrative office utilities and office supplies expense) Manufacturing Overhead 7. 42400 Accounts Payable (To record factory insurance and factory uttes) Raw Materials Inventory 8 1945000 195000 To recordaw materials purchases) 116000 (To record direct materials and indirect materials used in production) 10 1106700 Martin Co wply overhead to work in process 1306700 3450000 (To record direct materials and indirect materials used in production) 10 Work in Process inventory 1100700 1106700 Manufacturing Overhead To apply overhead to work in process) Fathed Goodstory 11 3450000 Work in Processory (To record transfer of completed airplanes) 3450000 12 6570000 (To record sale of planes to customers 13 1000000 (To record cost of airplanes sold)
