help asap pls K company production was working on Job 1...
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Accounting
help asap pls
K company production was working on Job 1 and Job 2 during the month. Of the $770 in direct materials, $370 in materials was requested for Job 1 . Direct labor cost, including payroll taxes, are $22 per hour, and employees worked 17 hours on Job 1 and 28 hours on Job 2. Overhead is applied at the rate of $18 per direct labor hours. Prepare job order cost sheets for each job. During the month, Job AB2 used specialized machinery for 450 hours and incurred $450 in utilities on account, $350 in factory depreciation expense, and $100 in property tax on the factory. Prepare journal entries for the following: If an amount box does not require an entry, leave it blank. A. Record the expenses incurred. B. Record the allocation of overhead at the predetermined rate of $1.40 per machine hour
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