Waterways has two major public park projects to provide with comprehensive Irrigation in one of its service locations this month Job 157 and Job S2 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 $5,097; on December 3 for $1,065: and on December 14 for $3,462. 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 28 hours of work. All the workers were paid $15 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 357 and the rest for K52 The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2.129 hours, and the anticipated overhead costs are $851,600 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 52 (2 each day), and 8.5 machine hours were used for project 357 (2.5 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 157 and 100 sprinder heads for K52 Additionat job order activities during this period induded: 1 Purchased raw materials from Durbin Supply Company on account for $53,000 Dec 2 Issued $39.900 of direct materials from the company's inventory to jobs other than 32 and 337 and $2,900 of indirect materials. Dec 12 Pald Waterways factory salaries and wages for $65.500. Dec. 13 Paid the factory's water bill of $9,000 Dec. 18 Transferred 550,300 of costs from other completed Jobs to finished goods Paid the factory's electric bill of $11,800 for Waterways factory Dec 31 Made adjusting entries forth factory that included accrued property taxes of $11.900, prepaid insurance of $5.900, and accumulated depreciation of $15.900 Dec Dec 21 Set up the job cast sheets for Soh No. 357 and Job No. 52. Determine the total cost for each manufacturing special order for these jobs. (Hound it costs to decimal places 2 Journalize the activities from these Job cost sheets in the general journal. Also, Journalize the other costs that occurred during this period. (Credit accounts are automatically feed whew amount is introd. Do not inden mally. Itecored journal entries in the order presented in the problem and answers to decimal Credit Daten Account Titles and Explanation 12/1 Raw Materials inventory Debit 53000 Accounts Payable 53000 12/2 Work in Process Inventory 5097 5097 Raw Materials Inventory (Taan materials to jobs 357 & K52) 12/2 Work in Process Inventory 39900 2900 Manufacturing Overhead Raw Materials Inventory (To assign materials to jobs and overhead) 12/3 Work in Process Inventory 42800 90 90 Factory Labor To assion labor to jobs 357 K52) Work in Process Inventory 2200 Assuming that Manufacturing overhead has a debit balance of $2,500, determine whether overhead has been under over applied and make the adjusting entry. Credit accounts are not Debit Credit Date Account Titles and Explanation 12/31 Cost of Goods Sold 3500 Manufacturing Overhead 3500 Click if you would like to show Work for this question: Open Show Work