Cythetic Manufacturing produces small dune buggies for personal use. Currently, they have three orders in process....

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Cythetic Manufacturing produces small dune buggies for personal use. Currently, they have three orders in process. Cythetic reported the following in the job order costing sheets: Direct Material Direct Labor Job #1 $4,585 $2,385 Direct materials Direct labor Overhead Total Cythetic has determined that overhead is applied at 1.25 times the direct labor cost. Perform the following exercises: Determine the overhead that is applied to each of the jobs. Job #2 $8,723 $2,498 Account Name Account Name Job #1 Job $2 Direct materials have been assigned to work in process. Prepare the appropriate journal entry. Account Name Job #3 $1,575 $2,874 Debit Direct labor has been assigned to work in process. Prepare the apprioriate journal entry. Debit Credit Debit Job #3 Credit Manufacturing overhead has been assignment to the job. Prepare the appropriate entry to record the assignment of manufactuting overhead to work in process. total Credit Cythetic Manufacturing produces small dune buggies for personal use. Currently, they have three orders in process. Cythetic reported the following in the job order costing sheets: Direct Material Direct Labor Job #1 $4,585 $2,385 Direct materials Direct labor Overhead Total Cythetic has determined that overhead is applied at 1.25 times the direct labor cost. Perform the following exercises: Determine the overhead that is applied to each of the jobs. Job #2 $8,723 $2,498 Account Name Account Name Job #1 Job $2 Direct materials have been assigned to work in process. Prepare the appropriate journal entry. Account Name Job #3 $1,575 $2,874 Debit Direct labor has been assigned to work in process. Prepare the apprioriate journal entry. Debit Credit Debit Job #3 Credit Manufacturing overhead has been assignment to the job. Prepare the appropriate entry to record the assignment of manufactuting overhead to work in process. total Credit

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Calculation of Overhead Cost Total Cost Particulars Job 1 Job 2 Job 3 ... View the full answer