Waldo Manufacturing Company employs

tion Status: QUESTION 1 Waldo Manufacturing Company employs a job order cost accounting system and keeps perpetual inventory records. The following transactions occurred in the first month of operations 1. Direct materials requisitioned during the month: Job 33 $40.000 Job 34 32000 Job 35 48.000 $120.000 Direct labor incurred and charged to jobs during the month was: Job 33 $64,000 Job 34 56000 Job 35 40.000 $160.000 3 Manufacturing overhead was applied to jobs worked on using a predetermined overhead rate based on 75% of direct labor costs. 4. Actual manufacturing overhead costs incurred during the month amounted to $132,000, 5. Job 33 consisting of 1,000 units and Job 35 consisting of 200 units were completed during the month. 2 Instructions (a) Prepare journal entries to record transactions #1 through 85. Hint: On your scratch paper open a t-account for each job and post (b) Answer the following questions: 1. How much manufacturing overhead was applied to Job 35 during the month? 2. Compute the unit cost of Jobs 33 and 35 3 What is the balance in Work in Process Inventory at the end of the month? 4 Determine if manufacturing overhead was under or over-applied during the month. How much is the over or under amount? Save AIA Click Save and Submit to save and submit. Click Save All Answers to save all anses