Waterways Problem 02 a-c 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, ich w he require special order, sprinkler heads to meet the specifications of the project. Using a job co wystem to produce these parts, the following events occurred during December Raw materas were requisitioned from the company's inventory on December 2 for $5.100; on December for $1,059, and on December 14 for $3,495. In an instance, two-thirds of these materials were for 357 and the rest for K52. Ion six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were al $16.5 per hour. The time tickets were sted December December, and December 15. On each of those days, 6 tabor hours were spent on the two-thirds (2/3) for 7 and the rest for 2 The predetermined overhead rate is based on machine hour. The expected machine hour use for the year 2,124 hours and the antipated overhead couts are 1049,600 for the year. The machines were used by workers on projects 2 and 352 on December 3, and 15. Sex machine hours were used for project KS2 ach day, and machines were used for project JST (2.5 the first TG and 3 wach of the other days). Both of these special orders were completed on December 15, producing 200 sprinklerheads for 357 and 100 sprinkler heads for 2. -19 Additional jobearder activities during this period included Was Dec 1 Purchased raw materials from Durtin Supply Company an account for $53,000 War Dec 2 Issued $40,300 of direct materials from the company's inventory to yobis other than KS2 and 352 and 53.900 of direct material Dec. 12 Paid Waterways' factory salaries and wages for $64,300 Dec. 13 Paid the factory's water bill of $8.900 Dec. 1 Transferred 550,200 of costs from other completed jobs to finished goods Dec 21 Pand the factory's electric bill of $12,000 for Waterways' factory ject Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,700, and accumulated depreciation of 16,100. wie Your answer is correct. Set up the job cost sheets for Job No. 357 and Job No. 652. Determine the total cost for each manufacturing special order for these Jobs (Hound unit costs to 2 decimal places Job No. 357 Job No. K52 Total Cost 10034 $5717 Unit Cost $150.17 57.17 Job No. 357 Job No. 652 Total Cost $10034 $5717 Unit Cost $150.17 $57.17 Your answer is partially correct. Try again. Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs & the problem. Round answers to decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Ass 12/1 12/2 ORCE Sp21 m 01 em 02 (To assign materials to jobs 357 & KS2) 12/2 Study (To assign materials to jobs and overhead) 12/2 (To assign labor to jobs 357 & K52) 12/3 (To assign overhead to jobs 357 & K52) 12/8 12/9 (To assign labor to jobs 357 852) sment Pry (To govertad to job 57 52) 12/12 12/13 & F 12/14 Ass 12/15 ORCE Sp21 m01 (To assign labor to jobs 357 & K52) 12/15 m 02 (To assign overhead to jobs 357 & K52) 12/15 Study (To record completion of Jobs 357 & K52) 12/18 12/21 12/31 your answer is partially correct. Try again. Assuming that Manufacturing Overhead has a debit balance of $3,700, 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 112/31 X
