Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57 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 companys inventory on December 2 for $5,067; on December 8 for $1,065; and on December 14 for $3,459. In each instance, two-thirds (2/3) of these materials were for J57 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 $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 J57 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,097 hours, and the anticipated overhead costs are $830,412 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 K52 (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 200 sprinkler heads for J57 and 100 sprinkler heads for K52.

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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 $5,067; on December 8 for $1,065; and on December 14 for $3,459. In each instance, two-thirds (2/3) of these materials were for 357 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 $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 357 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,097 hours, and the anticipated overhead costs are $830,412 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 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 ]57 and 100 sprinkler heads for K52. Additional job order activities during this period included: Dec. 1 Purchased raw materials from Vaughn Supply Company on account for $53,400. Dec. Issued $40,300 of direct materials from the company's inventory to jobs other than K52 and 57 and $3,100 of indirect materials. Dec. 12 Paid Waterways' factory salaries and wages for $64,700. Dec. 13 Paid the factory's water bill of $9,100. Dec. 18 Transferred $50,300 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $11,900 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12,100, prepaid insurance of S8,900, and accumulated depreciation of $16,100. Your answer is incorrect. Try again. Set up the job cost sheets for Job No. 357 and Job No. KS2. Determine the total cost for cach manufacturing special order for these jobs. (Round unit costs to 2 decimal places, c.9. 12.25.) Job No. 357 Jab No. KS2 Total Cost 10075 5888 Unit Cost 50.38 58.88 Your answer is partially correct. Try again Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs that occurred during this period. (Credit account titles are automatically indented when a mount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to o decimal places, e.g. 5,275.) Debit Credit Account Titles and Explanation 12/1 Raw Materials Inventory Accounts Payable 12/2) Work in Process Inventory work (To assign magerials to jobs 57 & K52) 12/2 Werk in Process Inwentary Manufacturing Overhead Raw Materials Inventory (To assignmerals to jobs and overhead) 12/3 Work in Process Inventory Cash To assign labor to jobs 257 & K52) 1273 Work in Process Twentary 3376 Manufacturing Overhead (To assign overhead to jobs 257 8K52) 12/8Work in Process Inventory Raw Materials inventory 12/9Work in Process Inventory 10690 0 1068 1050 las Cash (To assign labor to jobs 57 & KS2) 12/9 Work in Process Irwentory 2376 0 2376 Manufacturing Overhead (To assign overhead to jobs 3578 K52) 12/12 Manufacturing Overhead 12/13 Manufacturing Overhead Cash 12/14Work in Process Inventory Raw Materials inventory 12/15 Work in Process Inventory Cash (To assign labor to jobs 157 & K52) 12/15 Work in Process Twentory 2376 Manufacturing Overhead (To assign overhead to jobs 3578 K52) Finished Goods Inventory 12/18 50300 0 Work in Process Twentory (To record completion of jobs 157 & K52) Manufacturing Overhead (19000 Cash Manufacturing Overheed Property Tax Payable 12/31 Manufacturing Overheed Prepaid Insurance Manufacturing Overhead Accumulated Depreciation Building 11900 11900 12100 12100 199000 3000 16:00 0 16100 Your answer is correct Assuming that Manufacturing Overhead has a debit balance of 53,600, determine whether overhead has been under/over applied and make the adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 12/31 Cost of Goods Sold 36000 Manufacturing Overhead 3600