Waterways has two major public park projects to provide with comprehensive irrigation in one of its service locations this month Job 57 and Job K52 involve 15 acres of landscaped terrain, which will require special order, sprinkler heads 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 $5,058; on December 8 for $1,056; and on December 14 for $3,459. In sach instance, two-thirds (2/3) of these materials were for 357 and the rest for KS2. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $17.5 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 K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,110 hours, and the anticipated overhead costs are $544,000 for the year. The machines were used by workers on projects KS2 and 357 on December 3, 9, and 15. Six machine hours were used for project KS2 (2 each day), and 1.5 machine hours were used for project 57 (25 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for 357 and 100 sprinder heads for KS2. Additional job order activities during this period included Dec 1 Purchased raw materials from Durin Supply Company on account for $57,200 Dec 2 Issued $40,000 of direct materials from the company's inventory to jobs other than 52 and 357 and $3,000 of indirect materials. Dec. 12 Paid waterways' factory salaries and wages for $65,500. Dec 13 Paid the factory's water bol of $8,900 Dec. 18 Transferred $49,500 of costs from other completed jobs to finished goods Dec. 21 Paid the factory's electric bill of $12,100 for Waterways' factory Dec 31 Made adjusting entries forth factory that included accrued property taxes of $12,000, prepaid Insurance of $2,800, and accumulated depreciation of $16,100. Set up the job cost sheets for Job No. 357 and Job No. 52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to decimal places, ... 12.25.) Job No. 357 Job No. K52 Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12,000, prepaid insurance of $8,800, and accumulated depreciation of $16,100. Set up the job cost sheets for Job No. 357 and Job No. KS2. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal aces, 9. 12.25.) Job No. 357 Job No. KS2 Total Cost 5 Unit Cost $ Journalize the activities from the job cost sheets in the general Journal. Also, Journal the other costs that occurred during 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 answer to decimal places. 5,275) Date Account Tiles and Explanation Debit Credit (Tosin materials to s 57 8.652) 12/2 Date Account Titles and Explanation Debit Credit > (To assign materials to jobs J57 & K52) 12/2 (To assign materials to jobs and overhead) (To assign labor to jobs J57 & K52) (To assign labor to jobs 357 & K52) (To assign overhead to jobs 357 & K52) > (To assign labor to jobs 357 & K52) (To assign overhead to jobs 357 & K52) (To assign overhead to jobs 357 & K52)
