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 $5,058; on December 8 for $1,056; 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 2,110 hours, and the anticipated overhead costs are $844,000 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.

Additional job order activities during this period included:

Dec. 1 Purchased raw materials from Durbin Supply Company on account for $53,200.

Dec. 2 Issued $40,000 of direct materials from the companys inventory to jobs other than K52 and J57 and $3,000 of indirect materials.

Dec. 12 Paid Waterways factory salaries and wages for $65,500.

Dec. 13 Paid the factorys water bill of $8,900.

Dec. 18 Transferred $49,500 of costs from other completed jobs to finished goods.

Dec. 21 Paid the factorys 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 $8,800, and accumulated depreciation of $16,100.

Assuming that Manufacturing Overhead has a debit balamce of $3,600, determine whether overhead has been under/ over applied and make the adjusting entry.

Waterways has two major public park projects to provide with comprehensive irrigation in one of its service locations this month Job 57 and Job S2 involve 15 acres of landscaped rain, 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 regulationed from the company's inventory on December 2 for $5,0548; on December 6 for $1,086; and on December 14 for $3A10. In each instance, two-thirds (2/2) of these materials were for 157 and the rest for K52 Sex time tickets were tumed in for these two projects for a total amount of 18 hours of work. All the workers were 512 por hour. The time cuts were de December 3, D, and December 15. On each of these days, 6 labor hours were pent on the job, two-thin (2/3) for 37 and the rest for 12 The predetermined overhead rate is based on machine hours. The expected machine hours for the year is 2.110 hours, and the anticipated overhead coats are $644,000 for the vew the machines were used by works on projets KS2 and 7 on December, and 15. machine hun were ned for project 12 (2 each day) and machine hours were used for project 17 (2.5 the first day and each of the other days). Both of these special orders were completed on December 15, producing 200 sore heads for 57 and 100 sprider heads for Additional job order activities during this period indluded: Dec 1 Purchased raw materials from Durbin Supply Company on account for $53,200, Dec 2 Issued $40,000 of direct materials from the company's inventory to jobs other than 52 and 157 and 53,000 of indirect materials Dec 12 Paid Waterways' factory salaries and wages for $65,500 Dec 13 Paid the factory's water bill of 58,900, Dec 18 Transferred 549,500 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 $8,800, and accumulated rection of 16,100 Assuming that Manufacturing Overhead as a debit balance of $3,600, determine whether overhead has been underlever applied and make the adjusting entry. (Credit wount titre automatically and we amount is entered Demontanaly) Date Account Titles and antion Debat Cred Click if you would like to show work for the question on Show Work