Staircase Equipment Company uses a job order cost system. The following data summarize the operations related to production for April 2010, the first month of operations:

a. Materials purchased on account, $23,400.

b. Materials requisitioned and factory labor used:

c. Factory overhead costs incurred on account, $4,500.d. Depreciation of machinery and equipment, $1,560.e. The factory overhead rate is $50 per machine hour. Machine hours used:Job......... Machine HoursNo. 201.......... 18No. 202.......... 30No. 203.......... 24No. 204.......... 75No. 205.......... 33No. 206.......... 20Total.......... 200f. Jobs completed: 201, 202, 203, and 205.g. Jobs were shipped and customers were billed as follows: Job 201, $6,540; Job 202, $8,820; Job 203, $11,880.Instructions1. Prepare a schedule summarizing manufacturing costs by job for April. Use the following form:Job... Direct Materials... Direct Labor... Factory Overhead... Total2. Prepare a schedule of jobs finished in April.3. Prepare a schedule of jobs sold in April. What account does this schedule support for the month of April?4. Prepare a schedule of completed jobs on hand as of April 30, 2010. What account does this schedule support?5. Prepare a schedule of unfinished jobs as of April 30, 2010. What account does this schedulesupport?

Transcribed Image Text:

Factory Labor Job Materials No. 201 $2,350 $2,200 No. 202 2,875 2,970 No. 203 1,900 1,490 No. 204 6,450 5,460 No. 205 4,100 4,150 No. 206 2,980 2,650 For general factory use 860 3,250