Off Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services account. a. Journalize the summary entry to record the direct labor costs for the month. If an amount box does not require an entry, leave it blank. a. fill in the blank 0b497205401302b_2 fill in the blank 0b497205401302b_3 fill in the blank 0b497205401302b_5 fill in the blank 0b497205401302b_6 b. Journalize the summary entry to record the media purchases for the month. If an amount box does not require an entry, leave it blank. b. fill in the blank 7e3ec5060fe703e_2 fill in the blank 7e3ec5060fe703e_3 fill in the blank 7e3ec5060fe703e_5 fill in the blank 7e3ec5060fe703e_6 c. Journalize the summary entry to record the overhead applied for the month. If an amount box
The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on four projects, each for a different client. The Fly Company accumulates costs for each account (client) on the basis of both direct costs and allocated indirect costs. The direct costs include the charged time of professional personnel and media purchases (air time and ad space).
On August 1, the four advertising projects had the following accumulated costs:
| August 1 Balances | ||
| Vault Bank | $57,100 | |
| Take Off Airlines | 17,100 | |
| Sleepy Tired Hotels | 40,000 | |
| Tastee Beverages | 24,600 | |
| Total | $138,800 |
During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts:
| Direct Labor | Media Purchases | |||
| Vault Bank | $40,800 | $149,500 | ||
| Take Off Airlines | 18,200 | 131,600 | ||
| Sleepy Tired Hotels | 80,300 | 96,100 | ||
| Tastee Beverages | 91,400 | 71,800 | ||
| Total | $230,700 | $449,000 |
At the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services account.
a. Journalize the summary entry to record the direct labor costs for the month. If an amount box does not require an entry, leave it blank.
| a. | fill in the blank 0b497205401302b_2 | fill in the blank 0b497205401302b_3 | |
| fill in the blank 0b497205401302b_5 | fill in the blank 0b497205401302b_6 |
b. Journalize the summary entry to record the media purchases for the month. If an amount box does not require an entry, leave it blank.
| b. | fill in the blank 7e3ec5060fe703e_2 | fill in the blank 7e3ec5060fe703e_3 | |
| fill in the blank 7e3ec5060fe703e_5 | fill in the blank 7e3ec5060fe703e_6 |
c. Journalize the summary entry to record the overhead applied for the month. If an amount box does not require an entry, leave it blank.
| c. | fill in the blank d441b50ecfd8fc8_2 | fill in the blank d441b50ecfd8fc8_3 | |
| fill in the blank d441b50ecfd8fc8_5 | fill in the blank d441b50ecfd8fc8_6 |
d. Journalize the summary entry to record the completion of Vault Bank and Take Off Airlines for the month. If an amount box does not require an entry, leave it blank.
| d. | fill in the blank b9efee007011fd6_2 | fill in the blank b9efee007011fd6_3 | |
| fill in the blank b9efee007011fd6_5 | fill in the blank b9efee007011fd6_6 |
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