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The Following Information Was Taken from the Job Cost Sheet \quad

Question 101

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The following information was taken from the job cost sheet for Job 101 for Scott Manufacturing Company:
Date started: \quad\quad July 5, 2012
Date completed: \quad August 21,2012  Date  Direct  Materials  Direct  Labour  Factory  Overhead  Job  Total 70509$3,00071509$900$450717091,500722091,350675801091,50082109600300\begin{array}{|c|c|c|c|c|}\hline \text { Date } & \begin{array}{c}\text { Direct } \\\text { Materials }\end{array} & \begin{array}{c}\text { Direct } \\\text { Labour }\end{array} & \begin{array}{c}\text { Factory } \\\text { Overhead }\end{array} & \begin{array}{c}\text { Job } \\\text { Total }\end{array} \\\hline 7-05-09 & \$ 3,000 & & & \\\hline 7-15-09 & & \$ 900 & \$ 450 & \\\hline 7-17-09 & 1,500 & & \\\hline 7-22-09 & & 1,350 & 675 \\\hline 8-01-09 & 1,500 & & \\\hline 8-21-09 & & 600 & 300 \\\hline\end{array} Job 101 was sold on account on August 25,2012,for 160 percent of its cost.
a.Prepare the journal entries to record the costs incurred for Job 101 in 2012 for direct materials,direct labour,and factory overhead.
b.Prepare the journal entry to record the completion of Job 101.
c.What is the predetermined factory overhead rate for Scott?
d.Prepare the journal entries to record the sale of Job 101.

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