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Ejercicio 1: Journal entries for Job CostingThe Dove Furniture Company manufactures tables. In March, 20x1...

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Accounting

Ejercicio 1: Journal entries for Job CostingThe Dove Furniture Company manufactures tables. In March, 20x1 the two productiondepartments had budgeted allocation bases of 4,000 machine-hours in Department A and 8,000direct manufacturing labor-hours in Department B. The budgeted manufacturing overheads forthe june were $57,500 and $62,500, respectively. For Job A, the actual costs incurred in the twodepartments were as follows:Department A Department BDirect materials purchased on account $110,000 $177,500Direct materials used 32,50013,500Direct manufacturing labor 52,50053,500Indirect manufacturing labor 11,0009,000Indirect materials used 7,5004,750Lease on equipment 16,2503,750Utilities 1,0001,250Job A incurred 800 machine-hours in Department A and 300 manufacturing labor-hours inDepartment B. The company uses a budgeted overhead rate for applying overhead toproduction.
Required:a. Determine the budgeted manufacturing overhead rate for each department.b. Prepare the necessary journal entries to summarize the March transactions forDepartment A.c. What is the total cost of Job A

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