please fill out this sheet given the following information
PR 16-4A Analyzing manufacturing cost accounts Obj. 2 Fire Rock Company manufactures
designer paddle boards in a wide variety of sizes and styles. (Conttnuea) Order Costing In
addition, the following information is available: a. Materials and direct labor were applied to six
jobs in June: b. Factory overhead is applied to each job at a rate of 140% of direct labor cost. c.
The June 1 Work in Process balance consisted of two jobs, as follows: d. Customer jobs
completed and units sold in June were as follows: Instructions 1. Determine the missing amounts
associated with each letter. Provide supporting computations by completing a table with the
following headings: 1. Supporting calculations: July 18. Received invoice from consultants
Wadsley and Harden for $30 , 000 for expert testimony related to the Obsidian trial. 27. Applied
office overhead at a rate of $62 per professional hour charged to the Obsidian case. 31. Paid
administrative and support salaries of $28 , 500 for the month. 31. Used office supplies for the
month, $4 , 000 . 31. Paid professional salaries of $74 , 350 for the month. 31. Billed Obsidian
$172 , 500 for successful defense of the case. a. Provide the journal entries for each of these
transactions. b. How much office overhead is over- or underapplied? c. Determine the gross
profit on the Obsidian case, assuming that over- or underapplied office overhead is closed
monthly to cost of services. EX 16-16 Job order cost accounting for a service company Obj. 3 f
The Fly Company provides advertising services for clients across the nation. The Fly Company
is presently working on four projects, each for a different client. The Fly Company accumulates
costs for each account (client) on the basis of both direct costs and allocated indirect costs. The
direct costs include the charged time of professional personnel and media purchases (air time and
ad space). Overhead is allocated to each project as a percentage of media purchases. The
predetermined overhead rate is 65% of media purchases. On August 1, the four advertising
projects had the following accumulated costs: During August, The Fly Company incurred the
following direct labor and media purchase costs related to preparing advertising for each of the
four accounts: At the end of August, both the Vault Bank and Take Off Airlines campaigns were
completed. The costs of completed campaigns are debited to the cost of services account.
Journalize the summary entry to record each of the following for the month: a. Direct labor costs
b. Media purchases c. Overhead applied d. Completion of Vault Bank and Take Off Airlines
campaigns eries A PR 16-1A Entries for costs in a job order cost system Obj. 2 Barnes Company
uses a job order cost system. The following data summarize the operations related to production
for October: a. Materials purchased on account, $315 , 500 . b. Materials requisitioned, $290 ,
100 , of which $8 , 150 was for general factory use. c. Factory labor used, $489 , 500 of which
$34 , 200 was indirect. d. Other costs incurred on account for factory overhead, $600 , 000 ;
selling expenses, $150 , 000 ; and administrative expenses, $100 , 000 . e. Prepaid expenses
expired for factory overhead were $18 , 000 ; for selling expenses, $6 , 000 ; and for
administrative expenses, $5 , 000 . f. Depreciation of office building was $30 , 000 ; of office
equipment, $7 , 500 ; and of factory equipment, $60 , 000 . g. Factory overhead costs applied to
jobs, $711 , 600 . h. Jobs completed, $1 , 425 , 000 . i. Cost of goods sold, $1 , 380 , 000 .
Instructions Journalize the entries to record the summarized operations. PR 16-2A Entries and
schedules for unfinished jobs and completed jobs Obj. 2 3. Work in Process Kurtz Fencing Inc.
uses a job order cost system. The following data summarize the operations balance, $11 , 840
related to production for March, the first month of operations: a. Materials purchased on account,
$45,000. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on
account, $1 , 800 . d. Depreciation of machinery and equipment, $2,500. e. The factory

overhead rate is $30 per machine hour. Machine hours used: f. Jobs completed: 301, 302, 303,
and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302,
$16,150; Job 303, $13,400. Instructions 1. Journalize the entries to record the summarized
operations. 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods,
using the identifying letters as transaction codes. Insert memo account balances as of the end of
the month. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process
account. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished
goods account. PR 16-3A Job cost sheet Obj. 2 Remnant Carpet Company sells and installs
commercial carpeting for office buildings. Remnant Carpet Company uses a job order cost
system. When a prospective customer asks for a price quote on a job, the estimated cost data are
inserted on an unnumbered job cost sheet. If the PR 16-3A Job cost sheet Obj. 2 Remnant Carpet
Company sells and installs commercial carpeting for office buildings. Remnant Carpet Company
uses a job order cost system. When a prospective customer asks for a price quote on a job, the
estimated cost data are inserted on an unnumbered job cost sheet. If the Chapter 16 Job Order
Costing offer is accepted, a number is assigned to the job, and the costs incurred are recorded in
the usual manner on the job cost sheet. After the job is completed, reasons for the variances
between the estimated and actual costs are noted on the sheet. The data are then available to
management in evaluating the efficiency of operations and in preparing quotes on future jobs. On
October 1, Remnant Carpet Company gave Jackson Consulting an estimate of $9 , 450 to carpet
the consulting firm's newly leased office. The estimate was based on the following data: On
October 3, Jackson Consulting signed a purchase contract, and the delivery and installation were
completed on October 10. The related materials requisitions and time tickets are summarized as
follows: Instructions 1. Complete that portion of the job cost sheet that would be prepared when
the estimate is given to the customer. 2. Record the costs incurred, and prepare a job cost sheet.
Comment on the reasons for the variances between actual costs and estimated costs. For this
purpose, assume that the additional meters of material used in the job were spoiled, the factory
overhead rate has proven to be satisfactory, and an inexperienced employee performed the work.
PR 16-4A Analyzing manufacturing cost accounts Fire Rock Company manufactures designer
paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts
refer to transactions that are summarized for June: PR 16-4A Analyzing manufacturing cost
accounts Obj. 2 Fire Rock Company manufactures designer paddle boards in a wide variety of
sizes and styles. (Continued) Order Costing In addition, the following information is available: a.
Materials and direct labor were applied to six jobs in June: b. Factory overhead is applied to each
job at a rate of 140% of direct labor cost. c. The June 1 Work in Process balance consisted of two
jobs, as follows: d. Customer jobs completed and units sold in June were as follows: Instructions
1. Determine the missing amounts associated with each letter. Provide supporting computations
by completing a table with the following headings: PR 16-5A Flow of costs and income
statement Obj. 2 V 1. Operating Ginocera Inc. is a designer, manufacturer, and distributor of
custom gourment kitchen knives. A new income, $432,000 kitchen knife series called the
Kitchen Ninja was released for production in early 20Y8. In January, the company spent $600 ,
000 to develop a late-night advertising infomercial for the new product. During 20 Y , the
company spent an additional $1 , 400 , 000 promoting the product through these infomercials,
and $800 , 000 in legal costs. The knives were ready for manufacture on January 1, 20 Y 8 .
EXCEL TEMPLATE Ginocera uses a job order cost system to accumulate costs associated with
the Kitchen Ninja Knife. The unit direct materials cost for the knife is: The production process is
straightforward. First, the hardened steel blanks, which are purchased directly from a raw

material supplier, are stamped into a single piece of metal that includes both the blade and the
shaft. The stamping machine requires one hour per 250 knives. After the knife shafts are
stamped, they are brought to an assembly area where an employee attaches the handle to the
shaft and packs the knife into a decorative box. The direct labor cost is $0.50 per unit. Chapter
16 Job Order Costing The knives are sold to stores. Each store is given promotional materials,
such as posters and aisle displays. Promotional materials cost $60 per store. In addition, shipping
costs average $0.20 per knife. Total completed production was 1 , 200 , 000 units during the
year. Other information is as follows: Factory overhead cost is applied to jobs at the rate of $800
per stamping machine hour after the knife blanks are stamped. There were an additional 25,000
stamped knives, handles, and cases in process and waiting to be assembled on December 31, 20
Y8. Instructions 1. Prepare an annual income statement for the Kitchen Ninja knife series,
including supporting computations, from the information provided. 2. Determine the balances in
the work in process and finished goods inventories for the Kitchen Ninja knife series on
December 31, 20 Y8.