Job Costing 15 E3-27A Record journal entries (Learning Objectives 2, 3, 5, & 6 The following transactions were incurred by Howe Fabricators during January, the first month of its fiscal year Requirements 1. Record the proper journal entry for each transaction. $215,000 of materials was purchased on account. $190,000 of materials was used in production; of this amount, $164,000 was used on specific jobs. Manufacturing labor and salaries for the month totaled $210,000. A total of $180,000 of manufacturing labor and salaries was traced to specific jobs, and the remainder was indirect labor used in the factory. The com ment. The company also received a plant utility bill for $8,000 which will be paid at a later date. a. b. c. d. pany recorded $15,000 of depreciation on the plant and plant equip- e. $70,000 of manufacturing overhead was allocated to specific jobs. f. The company received a bill for CAD design services for $9,000. By the end of January, was manufacturing overhead overallocated or underallocated? By how much? 2. F3.28A Analyze Taccounts (Learnina Obiectives 2, 3. 5. & 6)