ONLY NEED HELP WITH 9-16 PLEASE

BUS 704 HOMEWORK 3 ASSIGNMENT: DUE FEBRUARY 22 at 5:30 PM

Abbott Lamp Corporation manufactures BOTH Mountain Dew Lamps AND Coca-Cola Lamps, starts 1/1/20. On 1/1/20, Erin Rogers ESTIMATES the following MOH costs:

Utilities for manufacturing building $4,000

Greasefor machines $1,200

Rent on manufacturing building $3,600

Depreciation on manufacturing machine $1,200

$10,000

Erin Rogers also estimates a total of 2,000 direct labor hours for the year and ALC applies MOH costs using DLH (or direct labor hours).

1. Compute the Predetermined Overhead Rate.
2. On 1/1/20, ALC obtains a lamp-making machine for $6000 on account. It has a 0 salvage value and a useful life of 5 years. Please give the journal entry to describe this transaction.
3. On 1/1/20, ALC purchases on account 1000 Mountain Dew Cans for $10,000. It also purchases on account 2000 Coca-Cola Cans for $40,000 and 1,000 pounds of grease for $80,000. Please give the journal entry to record this transaction.
4. On 1/1/20, ALC purchases on account 1,000 pieces of paper for $10,000. Please give the journal entry to describe this transaction.

5. On 1/5/20, ALC mountain dew lamp workers requisitioned out 100 Mountain dew cans and 20 pieces of paper. Please give the journal entry to describe this transaction.

6. On 1/5/20, ALC coca-cola lamp workers requisitioned out 200 coca-cola cans and 100 pieces of paper. Please give the journal entry to describe this transaction.

7. On 1/15/20, ALC mountain dew lamp workers requisitioned out 10 pounds of grease (and remember, the grease helps to make BOTH Mountain Dew Lamps and Coca-cola lamps). Please give the journal entry to describe this.

8. During January, ALC workers worked the following (AND PAID IN CASH):
   1. Mountain Dew Lamp workers => 100 dlh and they are paid $10/dlh ;
   2. Coca-Cola Lamp workers => 80 dlh and they are paid $25/dlh.
9. Please give the journal entry to APPLY overhead for the month of January.
10. Please create TWO January JOB COST SHEETS (one Mountain Dew Lamps; one Coca-Cola Lamps) and compute cost per Mountain Dew Lamp and Coca Cola lamp.
11. On 1/31, ALC receives its January utility bill for $1,000 and pays for it in CASH. These utilities pertain to the manufacturing facility. Please give the journal entry.
12. On 1/31, ALC receives its monthly rent bill for its manufacturing facility for $300 and pays for it in CASH. This rent pertains to the manufacturing facility. Please give the journal entry.

13. On 1/31, ALC makes it monthly depreciation entry for the lamp-making equipment. Straight line depreciation of a $6,000 asset over 5 years is $1,200 per year or.$100 per month. Please give the appropriate depreciation journal entry for the month of January.
14. On 1/31, ALC workers completed 100 Mountain Dew Lamps and 200 Coca-cola lamps AND all 100/200 Mountain Dew/Coca-cola lamps were transferred to the finished goods. To give the journal entry, utilize the two separate Job Cost Sheets you completed earlier.
15. On 2/1, ALC sold all 100 Mountain Dew Lamps it made in January on account for $50/lamp. Please give the journal entry.
16. On 2/1, ALC all sold 200 Coca-cola lamps it made in January for CASH for $100/lamp. Please give the appropriate journal entry.