Waterways has two major public park projects to provide with comprehensive irrigation in one of its service locations this month Job 357 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 $5,061; on December 8 for $1,059; and on December 14 for $3,459. In each Instance, two-thirds (2/3) of these materials were for 57 and the rest for K52. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.5 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 57 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,112 hours, and the anticipated overhead costs are $840,576 for the year. The machines were used by workers on projects K52 and J57 on December 3, 9 and 15. Six machine hours were used for project 52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 237 sprinkler heads for 357 and 142 sprinkler heads for K52. Additional job order activities during this period included: Purchased raw materials from Durbin Supply Company on account for $53.200. Dec Issued $40,000 of direct materials from the company's inventory to jobs other than KS2 and J57 and $3,000 of indirect materials Dec Paid Waterways' factory salaries and wages for $65,000. Pald the factory's water bill of $9.000 Dec Transferred $50,000 of costs from other completed jobs to finished goods. Paid the factory's electric bill of $12,000 for Waterways' factory Made adjusting entries forth factory that included accrued property taxes of $12.000, prepaid insurance of $8,800, and accumulated depreciation of $16,000. Dec 1 2 Dec 12 13 18 21 31 Dec Dec Your answer is correct Set up the job cost sheets for Job No. 357 and Job No: K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, eg. 12.25.) Job No. 357 Total Cost 9967 Job No K52 5 $ 5680 Unit Cost 14205 4000 Journalize the activities from these job cost sheets in the general Journal. Also, Journalize the other costs that occurred during this period. (Credit account dites are automatically Indented when amount is entered. Do not Indent manual Record journal entries in the order presented in the problem. Round answers to decimal places, es: 5,275) Date Account Titles and Explanation Debit Credit 12/1 v Raw Materials inventory 53200 Accounts Payable 5320 12/2 Work in Process Inventory 40000 WO 3000 Manufacturing Overhead (To assign materials to jobs 357 & K52) 1212 Work in Process inventory 3374 Work in Process Inventory 1687 506 Raw Materials Inventory (To assign materials to jobs and overhead) 12/3 > (To assign labor to jobs 357 & K52) (To assign overhead to jobs 357 & K52) (To assign labor to jobs 3578 KS2) (To assign Overhead to jobs 357 & KS2] 12/14 12/15 V 12/12 Salaries and Wages Payable 65000 Cash 6500 12/13 Manufacturing Overhead 9000 Cash 900 (To assign labor to jobs 357 & K52) Work in Process Inventory 12/14 3459 Raw Materials Inventory 345 (To assign overhead to jobs 357 & K52) Finished Goods Inventory 12/15 15647 1564 Work in Process inventory (To record completion of jobs JS7 & K52) Finished Goods Inventory 12/18 50000 Work in Process inventory 5000 12/21 Manufacturing Overhead 12000 Com 12/31 Manufacturing Over 36800 Property Tax Payable 1200 Preosid insurance BRO Acum Deancat 1500 Assuming that Manufacturing Overhead has a debit balance of $3,600, determine whether overhead has been under over applied and make the adjusting entry. (Credit account titles are automatically inderited when amount is entered. Do not indent manually.) Date Debit Credit Account Titles and Explanation Cost of Goods Sold 12/31 Manufacturing Overhead e Textbook and Media List of Accounts Assistance Used Attempts: 1 of Sused Submit Araw