Problem 20-01A a, d1, b, d2, e-h (Part Level Submission) (Video) Carla Vista Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,800, direct labor $13,080, and manufacturing overhead 517,440. As of January 1, Job 49 had been completed at a cost of $98,100 and was part of finished goods inventory. There was a $16,350 balance in the Raw Materials Inventory account During the month of January. Carla Vista Company began production on jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $132,980 and 5172, 220, respectively. The following additional events occurred during the month 1. Purchased additional raw materials of $98, 100 on account Incurred factory labor costs of $76,300. of this amount 517,440 related to employer payroll taxes. 3. Incurred manufacturing overhead costs as follows: Indirect materials $18.530; Indirect labor 521,800; depreciation expense en equipment $13.080; end various other manufacturing overhead costs on account $17,440. 4. Assigned direct materials and direct labor to jobs as follows Job Ne Direct Materials Direct tabor SO $10.900 55,450 -udy 51 42.510 27.250 52 32.700 21,800 Activate Windows 2. your answer is correct. Calculate the predetermined overhead rate for 2020, assuming Carta Vista Company estimates total manufacturing overhead costs of 1915.600, direct labor costs of $763,000, and direct labor hours of 21,800 for the year. Predetermined overhead rate 120 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TE LINK TO TEXT LINK TO THE LINK TO TEXE To Vice dy Attempts: 1 of 5 used Activate Windows Your answer is correct CALCULATOR FULL SCREEN PRINTER VERSION BACK NUXE Prepare the journal entries to record (1) the purchase of raw materials, (2) the factory labor costs incurred, and (3) the manufacturing overhead costs incurred during the month of January. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Raw Materials inventory 98100 Accounts Payable 98100 (2) Factory Labor 76300 Factory Wages Payable -58860 Employer Payroll Taxes 17440 (3) Manufacturing Overhead 70950 Raw Materials Inventor 16530 Factory Labor 21000 Activate Windone Accumulated Depreciat 13000 CALCULATOR FULL SCREEN PRINTER VERSION Accumulated Depreciat 13080 Accounts Payable 17440 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXI LINK TO TEXT LINK TO TEXI LINK TO VIDEO Attempts: 2 of 5 used udv (01) your answer is correct. Prepare the journal entries to record the assignment of (1) direct materials, (a) direct labor, and () manufacturing overhead costs to production. In a signing manufacturing overhead costs, use the overhead rate calculated in (a). (Credit account willes are automatically indented when amount is entered. Do not indent manually) Activate Windows No. Account Titles and Explanation Debit (1) Work in Process Inventory 36110 Credit Your answer is correct Prepare the journal entries to record the assignment of (1) direct materials, (2) direct labor, and (3) manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1) Work in Process Inventory 36110 on) Raw Materials inventor 06110 (2) Work in Process inventory 54500 Factory Labor 54500 y Study (3) Work in Process Inventory 65400 Manufacturing Overen 65400 Activate Windows SINTERIN WOW MOTION Open jab cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. Post all costs to the job cost sheets as neces Job No. 50 Direct Materials Direct Labor Manufacturing Overhead Date Beg 21800 13080 17440 Jan 10900 5450 6540 32700 13530 23980 Cost of completed job Direct materials 32700 Direct labor 18530 v Study Manufacturing overnead 23950 Activate Windows Total cost 75310 Your answer is partially correct. Try again Prepare the journal entry to record the completion of any job(s) during the month. (Credit account titles are automatically indented when amount is entered Do not indent manually.) Account Titles and Explanation Debit Credit Raw Materials Inventory 98100 Accounts Payable 98100 Attempts: 1 of 5 used SAVE FOR AT SUBMIT