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IU- - -A-EE E Merge & Center - $ - % !-28 Conditional F Formatting Funt Alignment Number X fix C D E F G H Question 3 (5 Marks) Alexa Company is a manufacturing firm that uses job-order costing. At the beginning of the year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $26,000 $47.000 $133,000 The company applies overhead to jobs using a pre determined overhead rate based on machine hours. At the beginning of the year, the company estimated that it would work 31,000 machine hours and incur $248,000 in manufacturing overhead cost. The following transactions were recorded for the year a. Raw materials purchased: $411,000 b. Raw materials requisitioned for use in production: $409,000 (5388,000 direct and $21.000 indirect) c. The following employee costs were incurred Direct labour: $145,000 Indirect labour: $61.000 Administrative salaries: $190.000 Cover Page 01 02 03 04 05 06 07 08 09 o SAMSUNG Alignment Font Number Styles X M fx C D E F G H I J K L The company applies overhead to jobs using a pre determined overhead rate based on machine hours. At the beginning of the year, the company estimated that it would work 31,000 machine hours and incur $248,000 in manufacturing overhead cost. The following transactions were recorded for the year. a. Raw materials purchased: $411,000 Raw materials requisitioned for use in production: $409,000 ($388,000 direct and $21,000 indirect) C. The following employee costs were incurred: Direct labour: $145,000 Indirect labour: $61,000 Administrative salaries: $190,000 d. Selling costs: $149.000 e. Factory utility costs: $12,000 Required: Prepare the appropriate journal entry for each of the items above (a through e). You can assume that all transactions with employees, customers, and suppliers were conducted in cash (5 marks) comer Page 1 2 Q3 04 05 06 07 08 09 x N P 0 W SAMSUNG

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