Enos Printing Corp, uses a job order cost system. The following data summarize the operations related...
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Enos Printing Corp, uses a job order cost system. The following data summarize the operations related to the frst quarter's production. 1. Materials purchased on account $196,500, and factory wages incurred $92.80. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $36,440 $19,100 A21 44,920 22.800 A22 37,100 15,500 A23 40,970 27,100 General factory use 5,470 8,300 $164,900 $92,800 3. Manufacturing overhead costs incurred on account $51,800. 4. Depreciation on factory equipment $16,150. 5. Depreciation on the company's office building was $15,000. 6. Manufacturing overhead rate is 87% of direct labor cost. Jobs completed during the quarter. A20. A21, and A23. 7. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Manufacturing Overhead Direct Direct Job Labor Total Materials A20 A21 A23 %24 not indent manually) 2UTomaticalny indented when amount s entered D No. Account Titles and Explanation Debit Credit (1) (To record materials purchases) (To record factory wages) (2) (To record materals put into production) (To record labor put into production) (3) (4) (5) (6) (7) Enos Printing Corp, uses a job order cost system. The following data summarize the operations related to the frst quarter's production. 1. Materials purchased on account $196,500, and factory wages incurred $92.80. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $36,440 $19,100 A21 44,920 22.800 A22 37,100 15,500 A23 40,970 27,100 General factory use 5,470 8,300 $164,900 $92,800 3. Manufacturing overhead costs incurred on account $51,800. 4. Depreciation on factory equipment $16,150. 5. Depreciation on the company's office building was $15,000. 6. Manufacturing overhead rate is 87% of direct labor cost. Jobs completed during the quarter. A20. A21, and A23. 7. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Manufacturing Overhead Direct Direct Job Labor Total Materials A20 A21 A23 %24 not indent manually) 2UTomaticalny indented when amount s entered D No. Account Titles and Explanation Debit Credit (1) (To record materials purchases) (To record factory wages) (2) (To record materals put into production) (To record labor put into production) (3) (4) (5) (6) (7)
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Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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