Stingray Ltd manufactures outboard motors and an assortment of other marine equipment. The company uses a job costing system and manufacturing overhead is applied on the basis of machine hours. Estimated manufacturing overhead for the year is $1 464 000, and management expect that 73 200 machine hours will be used.

The following events occurred in April:

(a)The firm purchased marine propellers from Peninsula Marine Corporation for $7850 on credit.(b)A requisition was filed by the Gauge Department supervisor for 300 kilograms of clear plastic. The material was originally purchased for $0.60 per kilogram.(c)The Motor Testing Department supervisor requisitioned 300 metres of electrical wire, which is considered an indirect material. The wire was purchased for $0.10 per metre.(d)The months electricity bill of $800 was paid in cash.(e)Direct labour costs incurred in April were $150 000.(f)Aprils insurance cost was $1800 for insurance on the cars driven by sales personnel. The policy had been prepaid in March.(g)Metal tubing costing $6000 was purchased on credit.(h)A cash payment of $1700 was made on outstanding accounts payable.(i)Indirect labour costs of $21 000 were incurred during April.(j)Depreciation on equipment for April amounted to $14 000.(k)Job number G22, consisting of 50 tachometers, was finished during April. The total cost of the job was $1100.(l)During April, 7000 machine hours were used.(m)Sales on credit for April amounted to $350000. The cost of goods sold in April was $139000.

Calculate the companys predetermined overhead rate for the year.(Omit the "$" sign in your response.)

Predetermined overhead rate$per machine hour

.Prepare journal entries to record the events listed above.(Omit the "$" sign in your response.)

General JournalDebitCredit(a)(Click to select)

Raw-Material Inventory

Work-in-Process Inventory

Accounts Payable

Finished-Goods Inventory

Cost of Goods Sold

Manufacturing Overhead

Cash

Manufacturing Supplies Inventory

(Click to select)

Raw-Material Inventory

Accounts Payable

Work-in-Process Inventory

Finished-Goods Inventory

Cost of Goods Sold

Manufacturing Overhead

Cash

Manufacturing Supplies Inventory

(b)(Click to select)

Raw-Material Inventory

Work-in-Process Inventory

Finished-Goods Inventory

Selling and Administrative Expense

Manufacturing Supplies Inventory

Manufacturing Overhead

Wages Payable

Accounts Payable

(Click to select)

Raw-Material Inventory

Work-in-Process Inventory

Finished-Goods Inventory

Selling and Administrative Expense

Manufacturing Supplies Inventory

Manufacturing Overhead

Wages Payable

Accounts Payable

(c)(Click to select)

Accounts Payable

Manufacturing-Supplies Inventory

Manufacturing Overhead

Cost of Goods Sold

Work-in-Process Inventory

Cash

Accumulated Depreciation: Equipment

Wages Payable

(Click to select)

Manufacturing-Supplies Inventory

Manufacturing Overhead

Accounts Payable

Cost of Goods Sold

Work-in-Process Inventory

Cash

Accumulated Depreciation: Equipment

Wages Payable

(d)(Click to select)

Selling and Administrative Expense

Manufacturing Overhead

Cash

Wages Payable

Finished-Goods Inventory

Raw-Material Inventory

Accounts Payable

Cost of Goods Sold

(Click to select)

Selling and Administrative Expense

Manufacturing Overhead

Cash

Wages Payable

Finished-Goods Inventory

Raw-Material Inventory

Accounts Payable

Cost of Goods Sold

(e)(Click to select)

Work-in-Process Inventory

Manufacturing Overhead

Wages Payable

Finished-Goods Inventory

Selling and Administrative Expense

Prepaid Insurance

Cash

Accumulated Depreciation: Equipment

(Click to select)

Manufacturing Overhead

Wages Payable

Work-in-Process Inventory

Finished-Goods Inventory

Selling and Administrative Expense

Prepaid Insurance

Cash

Accumulated Depreciation: Equipment

(f)(Click to select)

Manufacturing Overhead

Prepaid Insurance

Selling and Administrative Expense

Work-in-Process Inventory

Finished-Goods Inventory

Cost of Goods Sold

Accounts Payable

Cash

(Click to select)

Prepaid Insurance

Manufacturing Overhead

Selling and Administrative Expense

Work-in-Process Inventory: Tanning Department

Finished-Goods Inventory

Cost of Goods Sold

Accounts Payable

Cash

(g)(Click to select)

Finished-Goods Inventory

Raw-Material Inventory

Accounts Payable

Sales Revenue

Accounts Receivable

Selling and Administrative Expense

Accumulated Depreciation: Equipment

Manufacturing Overhead

(Click to select)

Finished-Goods Inventory

Accounts Payable

Raw-Material Inventory

Sales Revenue

Accounts Receivable

Selling and Administrative Expense

Accumulated Depreciation: Equipment

Manufacturing Overhead

(h)(Click to select)

Accounts Payable

Work-in-Process Inventory

Cash

Finished-Goods Inventory

Selling and Administrative Expense

Cost of Goods Sold

Sales Revenue

Wages Payable

(Click to select)

Cash

Accounts Payable

Work-in-Process Inventory

Finished-Goods Inventory

Selling and Administrative Expense

Cost of Goods Sold

Sales Revenue

Wages Payable

(i)(Click to select)

Work-in-Process Inventory

Wages Payable

Manufacturing Overhead

Raw-Material Inventory

Accounts Receivable

Finished-Goods Inventory

Cash

Selling and Administrative Expense

(Click to select)

Manufacturing Overhead

Wages Payable

Work-in-Process Inventory

Raw-Material Inventory

Accounts Receivable

Finished-Goods Inventory

Cash

Selling and Administrative Expense

(j)

(Click to select)

Raw-Material Inventory

Manufacturing Overhead

Accumulated Depreciation: Equipment

Finished-Goods Inventory

Sales Revenue

Accounts Receivable

Cost of Goods Sold

Cash

(Click to select)

Raw-Material Inventory

Manufacturing Overhead

Accumulated Depreciation: Equipment

Finished-Goods Inventory

Sales Revenue

Accounts Receivable

Cost of Goods Sold

Cash

(k)(Click to select)

Finished-Goods Inventory

Work-in-Process Inventory

Raw-Material Inventory

Selling and Administrative Expense

Sales Revenue

Cost of Goods Sold

Accounts Receivable

Wages Payable

Wages Payable

(Click to select)

Work-in-Process Inventory

Finished-Goods Inventory

Raw-Material Inventory

Selling and Administrative Expense

Sales Revenue

Cost of Goods Sold

Accounts Receivable

Wages Payable

(l)(Click to select)

Raw-Material Inventory

Work-in-Process Inventory

Manufacturing Overhead

Sales Revenue

Selling and Administrative Expense

Accounts Receivable

Cost of Goods Sold

Finished-Goods Inventory

(Click to select)

Raw-Material Inventory

Work-in-Process Inventory

Manufacturing Overhead

Sales Revenue

Selling and Administrative Expense

Accounts Receivable

Cost of Goods Sold

Finished-Goods Inventory

(m)(Click to select)

Accounts Receivable

Sales Revenue

Selling and Administrative Expense

Wages Payable

Raw-Material Inventory

Cost of Goods Sold

Finished-Goods Inventory

Cash

(Click to select)

Sales Revenue

Accounts Receivable

Selling and Administrative Expense

Wages Payable

Raw-Material Inventory

Cost of Goods Sold

Finished-Goods Inventory

Cash

(Click to select)

Finished-Goods Inventory

Raw-Material Inventory

Cost of Goods Sold

Selling and Administrative Expense

Sales Revenue

Accumulated Depreciation: Equipment

Manufacturing Overhead

Accounts Receivable

(Click to select)

Raw-Material Inventory

Cost of Goods Sold

Finished-Goods Inventory

Selling and Administrative Expense

Sales Revenue

Accumulated Depreciation: Equipment

Manufacturing Overhead

Accounts Receivable