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Waterways Problem 20 a-c Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57

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Waterways Problem 20 a-c 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 company's inventory on December 2 for $5,100; on December 8 for $1,059; and on December 14 for $3,495. 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 $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 J57 and the rest for K52 The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,124 hours, and the anticipated overhead costs are $849,600 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 1000 sprinkler heads for K52 Additional job order activities during this period included: Purchased raw materials from Durbin Supply Company on account for $53,600. Dec. 1 Dec. 2 Issued $40,300 of direct materials from the company's inventory to jobs other than K52 and J57 and $2,900 of indirect materials. Dec. 12 Paid Waterways' factory salaries and wages for $64,300. Dec. 13 Paid the factory's water bill of $8,900. Dec. 18 Transferred $50,200 of costs from other completed jobs to finished goods. Paid the factory's electric bill of $12,000 for Waterways' factory Dec. 21 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,700, and accumulated depreciation of $16,100. Dec. 31 xYour answer is incorrect. Try again. Set up the job cost sheets for Job No. J57 and Job No. K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, e.g. 12.25.) Job No. K52 Job No. J57 Total Cost Unit Cost 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 amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Raw Materials Inventory 12/1 53,600 Accounts Payable 53,600 Work in Process Inventory 5,100 12/2 Raw Materials Inventory 5,100 (To assign materials to jobs J57 & K52) 12/2 Work in Process Inventory 37,400 Manufacturing Overhead 2,900 Raw Materials Inventory 40,300 Work in Process Inventory 12/3 99 99 Factory Labor (To assign labor to jobs J57 & K52) Work in Process Inventory 12/3 1,782 X 1,782 Manufacturing Overhead (To assign overhead to jobs J57 & K52) 12/8 Work in Process Inventory 1,059 Raw Materials Inventory 1,059 Work in Process Inventory 12/9 99 Factory Labor 99 (To assign labor to jobs J57 & K52) Work in Process Inventory 12/9 1,900 X Manufacturing Overhead 1,900 (To assign overhead to jobs J57 & K52) Salaries and Wages Payable 64,300 12/12 Cash 64,300 Utilities Payable 12/13 8,900 Cash 8,900 Work in Process Inventory 12/14 3,495 Raw Materials Inventory 3,495 Work in Process Inventory 12/15 99 Factory Labor 99 (To assign labor to jobs J57 & K52) Work in Process Inventory 12/15 2,000 Manufacturing Overhead 2,000 (To assign overhead to jobs J57 & K52) (To assign overhead to jobs J57 & K52) Finished Goods Inventory 12/15 Work in Process Inventory (To record completion of jobs J57 & K52) Finished Goods Inventory 12/18 50,200 Work in Process Inventory 50,200 Utilities Payable 12/21 12,000 Cash 12,000 X 12/31 Property Tax Payable 11,900 Prepaid Insurance 8,700 Depreciation Expense 16,100

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