Question #4 East Van Printing Corp. uses a job order cost system. The following data summarize...
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Question #4 East Van Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $192,000, and factory wages incurred $87,300. 2. Materials requisitioned and factory labor used by job: Job Number Material Factory Labor A20 $18,000 35,240 42,920 36,100 39,270 4,470 22,000 15,000 25,000 7,300 A21 A22 A23 General factory Мон $158,00 $87,300 3. Manufacturing overhead costs incurred on account $49,500. 4. Depreciation on factory equipment $14,550. 5. Manufacturing overhead is applied to jobs at 70% of the direct labour costs. 6. Jobs completed during the quarter: A20, A21, and A23. Required: Calculate the cost of each completed job and the total of completed jobs that will be moved from Work-In-Progres to Finished Goods. Question #4 East Van Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $192,000, and factory wages incurred $87,300. 2. Materials requisitioned and factory labor used by job: Job Number Material Factory Labor A20 $18,000 35,240 42,920 36,100 39,270 4,470 22,000 15,000 25,000 7,300 A21 A22 A23 General factory Мон $158,00 $87,300 3. Manufacturing overhead costs incurred on account $49,500. 4. Depreciation on factory equipment $14,550. 5. Manufacturing overhead is applied to jobs at 70% of the direct labour costs. 6. Jobs completed during the quarter: A20, A21, and A23. Required: Calculate the cost of each completed job and the total of completed jobs that will be moved from Work-In-Progres to Finished Goods.
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Financial & Managerial Accounting
ISBN: 978-1337902663
15th edition
Authors: Carl Warren, Jefferson P. Jones, William B. Tayler
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