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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 $5,097; on December 8 for $1,065; and on December 14 for $3,462. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52.

Question 2 Waterways has two major public park projects to provide with comprehensive irrigation in one of its service locations this month. Job 357 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 $5,097; on December 8 for $1,065; and on December 14 for $3,462. In each instance, two-thirds (2/3) of these materials were for 357 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 $15 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 357 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,129 hours, and the anticipated overhead costs are $851,600 for the year. The machines were used by workers on projects K52 and 57 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 357 (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 357 and 100 sprinkler heads for K52. Additional Job order activities during this period included: Dec. 1 Purchased raw materials from Durbin Supply Company on account for $53,000. Dec. Issued $39,900 of direct materials from the company's inventory to jobs other than K52 and 357 and $2,900 of Indirect 2 materials. Dec. 12 Pald Waterways' factory salaries and wages for $65,500. Dec. 13 Paid the factory's water bill of $9,000 Transferred $50,300 of costs from other completed jobs to finished goods. Dec. 21 Pald the factory's electric bill of $11,800 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,900, and accumulated depreciation of $15,900. Dec. 18 Dec. 2 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project 357 (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 357 and 100 sprinkler heads for K52. Additional job order activities during this period included: 1 Purchased raw materials from Durbin Supply Company on account for $53,000. Dec. 2 Issued $39,900 of direct materials from the company's inventory to jobs other than K52 and 357 and $2,900 of indirect materials. Dec. 12 Pald Waterways' factory salaries and wages for $65,500. Paid the factory's water bill of $9,000. Transferred $50,300 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $11,800 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,900, and accumulated depreciation of $15,900. Dec. 13 Dec. 18 x Your answer is incorrect. Try again. Set up the job cost sheets for Job No. 357 and Job No. KS2. 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. 357 Job No. K52 Total Cost x Unit Cost SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT 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 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 o decimal places, e.g. 5,275.) Date Account Titles and Explanation Credit 12/1 Raw Materials Inventory 53000 Debit Accounts Payable 53000 12/2 Work in Process Inventory 5097 5097 Raw Materials inventory (To assign materials to jobs 357 & K52) 12/2Work In Process Inventory 39900 29001 42800 Manufacturing Overhead Raw Materials inventory (To assign materials to jobs and overhead) Work In Process Inventory 90 x 90 Salaries and Wages Payable (To assign labor to jobs 357 & KS2) Work in Process Inventory 12/3 1800 SI 1800 Manufacturing Overhead (To assign overhead to jobs 357 & K52) 12/8 Work in Process Inventory 1065 12/8 Work in Process Inventory 1065 Raw Materials Inventory 1065 12/9 Work in Process Inventory 90 x Salaries and Wages Payable 90 (To assign labor to jobs J57 & K52) 12/9 Work in Process Inventory 2000 2000 Manufacturing Overhead (To assign overhead to jobs 357 & K52) Salaries and Wages Payable 12/12 65500 Cash 65500 12/13 Manufacturing Overhead 9000 Cash 9000 12/14 Work in Process Inventory 3462 Raw Materials Inventory 3462 I 12/15 Work in Process Inventory 90 Salaries and Wages Payable 90 (To assign labor to jobs 357 & K52) 12/15 Work in Process Inventory 2000 Manufacturing Overhead 2000 12/15 Work In Process Inventory 90 90 Salaries and Wages Payable (To assign labor to jobs 357 & K52) Work in Process Inventory 12/15 2000 2000 Manufacturing Overhead (To assign overhead to jobs 357 & K52) Finished Goods Inventory 12/15 15694 Work in Process Inventory 15694 (To record completion of jobs 357 & K52) Finished Goods Inventory 12/18 50300 Work in Process Inventory 50300 12/21 Manufacturing Overhead 11800 Cash 11800 12/31 Manufacturing Overhead 36700 Property Tax Payable 11900 Prepaid Insurance 8900 Accumulated Depreciation-Buildings 15900 SHOW LIST OF ACCOUNTS TNV TA TEYT TNV TA TEVY ITN TAVY TN TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Assuming that Manufacturing Overhead has a debit balance of $3,500, 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.) Account Titles and Explanation Debit Date Credit Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT

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