QUESTION 17 Banner Company is a manufacturing firm that uses job-order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 36,000 machine hours and incur $334,800 in manufacturing overhead costs for the coming year. Provide the appropriate journal entries for the following events: 1. The following employee costs were incurred assembly workers' salaries, $650,000; factory supervision costs, $72,000; and administrative salaries, $226,000 2. Depreciation for the year was $152,000 of which $132,000 is related to factory operations and $20,000 is related to selling, general, and administrative activities. 3. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 30,000 machine-hours