Vaterways has two major public-park projects to provide with comprehensive irrigation in one af its service locations this month, Job 157 and Job K52 irvolve 15 acres of landscaped terrain, which will require special-order, sprinkler hesds to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December Raw materials were requisitioned from the company's inventory on December 2 for $5,019; on December 8 for $1, OG 2 ; and on December 14 for \$3,471. In each instance, two-thirds (2/3) of these materials were for 157 and the rest for K52. Six time tickets were turned in for these two projects for a total armount of 18 hours of work. All the workers were poid 515.5 per hour. The time tickets were dated December 3, December 9 , and December 15 . On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for 157 and the rest for 152 . The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2 , 121 hours, and the anticipated overhead costs are $839,916 for the year. The machines were used by workers on projects K52 and 357 on December 3,9 . and 15 Six machine hours were used for project K52 ( 2 each day), and 85 machine hours were used for project 157 ( 25 the first day and 3 each of the other days). Eoth of these spectal orders were completed on December 15 , producing 200 sprinicler heads for J57 and 100 sprinkler heads for Ks?. Additional job order activities during this periad included: Dec. 1 Purchased rav materlals from Durbln Supply Company on account for $53,200. Dec. 2 Issued $40,200 of direct materials from the company's Inventory to lobs other than KS2 and J57 and $2,000 of indirect materials. Dec. 12 Paid WVterways' factory salaries and wages for $64,900. Dec. 13 Paid the factory's water bill of $8,900. Dee. 18 Transferred \$49,500 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $12,000 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12,100, prepaid insurance of \$9,700, and accumulated depreciation of $16,000. Set up the job cost sheets for Job Na. 357 and Job No. K52. Determine the total cost for each manufacturing special order for these lobs. (Round unit costs to 2 decimal places, e.g. 12.25.) Journalize the activities from these job cost sheets in the general journal, Also, jourralize the other costs that occurred dur ing this period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the. order presented in the problem. Round answers to 0 decimal places, 6.5.5,275, ) Qssuming that Manufacturing Overhead has a debit balance of $3,700, determine whether overhead has been under/over applied and ma la the ad, usting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Vaterways has two major public-park projects to provide with comprehensive irrigation in one af its service locations this month, Job 157 and Job K52 irvolve 15 acres of landscaped terrain, which will require special-order, sprinkler hesds to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December Raw materials were requisitioned from the company's inventory on December 2 for $5,019; on December 8 for $1, OG 2 ; and on December 14 for \$3,471. In each instance, two-thirds (2/3) of these materials were for 157 and the rest for K52. Six time tickets were turned in for these two projects for a total armount of 18 hours of work. All the workers were poid 515.5 per hour. The time tickets were dated December 3, December 9 , and December 15 . On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for 157 and the rest for 152 . The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2 , 121 hours, and the anticipated overhead costs are $839,916 for the year. The machines were used by workers on projects K52 and 357 on December 3,9 . and 15 Six machine hours were used for project K52 ( 2 each day), and 85 machine hours were used for project 157 ( 25 the first day and 3 each of the other days). Eoth of these spectal orders were completed on December 15 , producing 200 sprinicler heads for J57 and 100 sprinkler heads for Ks?. Additional job order activities during this periad included: Dec. 1 Purchased rav materlals from Durbln Supply Company on account for $53,200. Dec. 2 Issued $40,200 of direct materials from the company's Inventory to lobs other than KS2 and J57 and $2,000 of indirect materials. Dec. 12 Paid WVterways' factory salaries and wages for $64,900. Dec. 13 Paid the factory's water bill of $8,900. Dee. 18 Transferred \$49,500 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $12,000 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12,100, prepaid insurance of \$9,700, and accumulated depreciation of $16,000. Set up the job cost sheets for Job Na. 357 and Job No. K52. Determine the total cost for each manufacturing special order for these lobs. (Round unit costs to 2 decimal places, e.g. 12.25.) Journalize the activities from these job cost sheets in the general journal, Also, jourralize the other costs that occurred dur ing this period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the. order presented in the problem. Round answers to 0 decimal places, 6.5.5,275, ) Qssuming that Manufacturing Overhead has a debit balance of $3,700, determine whether overhead has been under/over applied and ma la the ad, usting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually)