Quick Solutions (QS) Carporation is a manufacturer of computer chips basod in Nepean. It manufactures two types of computer chips, CS1 and CS2. The costs of manufacturing each CS1 chip, excluding rework costs, are dicoct materials, $69 ; direct manufaeturing labour, $15 ; and manutacturing overhead, $38 . Dofoctive units are sent to a separate rework. area. Rework costs per CS1 chip are direct materials, $13 ; direct manufacturing labour, $15 ; and manufacturing overhead, $20 (Click the icon to view additional information.) Required 1. Prepare journal entries to record the acoounting for the cost of the speiled chips and for rework., 2. What were the total rework costs of CSt chips in August? Requirement 1. Prepare joumal entries to record the accounting for Ke cost of the spoled chips and for rework. (Record debits first. then credis. Explanations are not required. Laaye unused cells blank. Round amounts to the nearest whole dollar.) In August, QS manufactured 1,600 CS1 chips and 1 , 000 CS 2 chips; 92 of the CS1 chips and none of the CS2 chips required rework. QS classifies 52 of the CS1 chips reworked as normal rework caused by inherent problems in its production process that coincidentally occurred only during the production of CS1. Hence, the rework costs for these 52 CS1 chips are normal rework costs not specifically attributable to the CS1 product. QS classifies the remaining 40 units of CS1 chips reworked as abnormal rework, QS allocates manufacturing overhead on the basis of machine-hours required to manufacture CS1 and CS2. Each CS1 and CS2 chip requires the same number of machine-hours. Finally, allocate the manufacturing overhead to CS1 chips and CS2 chips