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On March 5, 2023, the Materials Department of Cards by Shannon received the following: Materials...

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Accounting

On March 5, 2023, the Materials Department of Cards by Shannon received the following: Materials requisition for Job 22 for $200 and materials requisition for Job 23 for $800. On March 6, 2023, the time tickets of employees at Cards by Shannon gave the following information: ten hours for Job 22 and twelve hours for Job 23. Employees are paid an hourly rate of $10. Cards by Shannon allocates factory overhead based upon hours used by a piece of equipment. At the beginning of the period, the company estimates factory overhead to be $25,000 and expects the equipment to be used for 4,000 hours. During the period, Job 22 requires 1,900 hours of use of the equipment, Job 23 requires 1,700 hours. a) Prepare the Job Cost Sheet for Job 22 and Job 23. b) Prepare the journal entries for Material requisitions for each job. c) Prepare the journal entries for Labor Costs for each job. d) Prepare the journal entries for Manufacturing Overhead application for each job

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