The following events occurred over the course of a year at Waterway Corp., which uses a job order costing system:

(1) Direct materials purchases totaled $454,000. Waterway Corp tracks its direct materials separately from its indirect materials. Purchases were made on account.
(2) $230,000 of indirect materials were used in production. Waterway uses a separate Supplies Inventory account for indirect materials.
(3) $413,000 of direct materials were used in production.
(4) The direct labor payroll was $969,979 (credit Wages Payable).
(5) Other manufacturing overhead costs incurred during the year totaled $557,000.
(6) Waterway applies overhead based on a predetermined overhead rate of $15 per machine hour. The company used 50,600 machine hours during the year.
(7) During the year, Waterway transferred goods costing $2,077,000 into the Finished Goods Inventory account.
(8) Waterway sold products with a manufacturing cost of $2,019,000 to customers during the year.

Prepare journal entries to record these events.

At the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events. 1. a.interns b.trainees c.members 2. a.participate b.train c.win

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The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.