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Ranner Company is a manufacturing firm that uses job order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-boun.

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Ranner Company is a manufacturing firm that uses job order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-boun. At the beginning of the year, the company estimated that it would work 36,000 machinebours and incur 5114 800 in manufacturing overhead costs for the coming year. Provide the appropriate journal entries for the following events only 1. The following employee costs were incurred assembly workers' salaries,5639.000, factory supervision costs, $72,000, and administrative salaries, 5226,000. 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 For the toolbar pros ALT F10 P O ALT.FN.F10 (Maci B 1 5 Paragraph Arial 14px LIXOU QE Ex' X 29 TH 3B B C E + ) e O WORDS POWROTY

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