Question
In: Accounting
1) Enos Printing Corp. uses a job order cost system. The following data summarize the operations...
1) Enos 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 $197,600, and factory wages incurred $92500.
2) Materials requisitioned and factory labor used by job:
Job Number Materials Factory Labor
A20 $37,940 $18,100
A21 44,220 24,100
A22 37,200 16,300
A23 41,470 26,600
General factory use 5,270 7,400
= $166,100 $92,500
3. Manufacturing overhead costs incurred on account $50,500.
4. Depreciation of factory equipment $16,650.
5. Depreciation on the company's office building was $14,500.
6. Manufacturing overhead rate is 87% of direct labor cost.
7. Jobs completed during the quarter: A20, A21, and A23.
Prepare entries to record the operations summarized above.
Solutions
ekkarill92 answered 10 months agoRelated Solutions
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related...
Enos 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
Materials
Factory
Labor
A20
$?35,240
$18,000
A21
??42,920
?22,000
A22
??36,100
?15,000
A23
??39,270
?25,000
General
factory use
???4,470
??7,300
$158,000
$87,300
3.Manufacturing overhead costs incurred on account $49,500.
4.Depreciation on factory equipment $14,550.
5.Depreciation on the company's office...
Sandhill Printing Corp. uses a job order cost system. The following data summarize the operations related...
Sandhill 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 $194,300, and factory wages
incurred $93,000.
2.
Materials requisitioned and factory labor used by job:
Job Number
Materials
Factory Labor
A20
$37,140
$19,500
A21
44,220
22,700
A22
36,700
16,900
A23
41,370
26,500
General factory use
5,170
7,400
$164,600
$93,000
3.
Manufacturing overhead costs incurred on account $50,400.
4.
Depreciation on factory equipment $16,650.
5....
1. Tybee Industries Inc. uses a job order cost system. The following data summarize the operations...
1.
Tybee Industries Inc. uses a job order cost system. The
following data summarize the operations related to production for
January, the first month of operations:
a. Materials purchased on account, $29,800.
b. Materials requisitioned and factory labor used:
Job
Materials
Factory Labor
301
$ 2,960
$2,775
302
3,620
3,750
303
2,400
1,875
304
8,100
6,860
305
5,100
5,250
306
3,750
3,340
For general factory use
1,080
4,100
c. Factory overhead costs incurred on account, $5,500.
d. Depreciation of machinery...
Barnes Company uses a job order cost system. The following data summarize the operations related to...
Barnes Company uses a job order cost system. The following data
summarize the operations related to production for October: October
1 Materials purchased on account, $315,500. 2 Materials
requisitioned, $290,100, of which $8,150 was for general factory
use. 31 Factory labor used, $489,500, of which $34,200 was
indirect. 31 Other costs incurred on account for factory overhead,
$600,000; selling expenses, $150,000; and administrative expenses,
$100,000. 31 Prepaid expenses expired for factory overhead were
$18,000; for selling expenses, $6,000; and for...
Munson Co. uses a job order cost system. The following data summarize the operations related to...
Munson Co. uses a job order cost system. The following data
summarize the operations related to production for July:
July
1
Materials purchased on account, $630,520.
2
Materials requisitioned, $669,000, of which $76,690 was for
general factory use.
31
Factory labor used, $644,620, of which $91,400 was
indirect.
31
Other costs incurred on account for factory overhead, $147,440;
selling expenses, $238,240; and administrative expenses,
$150,800.
31
Prepaid expenses expired for factory overhead were $30,340; for
selling expenses, $25,550; and for...
Barnes Company uses a job order cost system. The following data summarize the operations related to...
Barnes Company uses a job order cost system. The following data
summarize the operations related to production for October:
October
1
Materials purchased
on account, $635,470.
2
Materials
requisitioned, $628,070, of which $74,070 was for general factory
use.
31
Factory labor used,
$674,350, of which $94,570 was indirect.
31
Other costs
incurred on account for factory overhead, $151,200; selling
expenses, $228,420; and administrative expenses, $152,810.
31
Prepaid expenses
expired for factory overhead were $27,820; for selling expenses,
$28,010; and for...
Hildreth Company uses a job order cost system. The following data summarize the operations related to...
Hildreth Company uses a job order cost system. The following
data summarize the operations related to production for April, the
first month of operations. Make the appropriate journal entry(s)
for each number 1-7.
Materials purchased on account, $147,000.
Materials requisitioned and factory labor used:
Job No. Materials
101: $19,320/ 102: 23,100/ 103: 13,440/ 104: 38,200/ 105:
18,050/ 106: 18,000 For general factory use 9,000
Factory Labor
$19,500/ 28,140/ 14,000/ 36,500/ 15,540/ 18,700/ 20,160
Factory overhead costs incurred on account, $6,000....
Barnes Company uses a job order cost system. The following data summarize the operations related to...
Barnes Company uses a job order cost system. The following data
summarize the operations related to production for October:
October
1
Materials purchased on account, $315,500.
2
Materials requisitioned, $290,100, of which $8,150 was for
general factory use.
31
Factory labor used, $489,500, of which $34,200 was
indirect.
31
Other costs incurred on account for factory overhead, $600,000;
selling expenses, $150,000; and administrative expenses,
$100,000.
31
Prepaid expenses expired for factory overhead were $18,000; for
selling expenses, $6,000; and for...
Munson Co. uses a job order cost system. The following data summarize the operations related to...
Munson Co. uses a job order cost system. The following data
summarize the operations related to production for July:
July
1
Materials purchased on account, $645,190.
2
Materials requisitioned, $642,250, of which $72,680 was for
general factory use.
31
Factory labor used, $631,920, of which $91,350 was
indirect.
31
Other costs incurred on account for factory overhead, $153,030;
selling expenses, $228,490; and administrative expenses,
$150,890.
31
Prepaid expenses expired for factory overhead were $29,630; for
selling expenses, $26,950; and for...
Munson Co uses a job order cost system. The following data summarize the operations related to...
Munson Co uses a job order cost system. The following data
summarize the operations related to production for July:
July
1
Materials purchased on account,
$645,190.
2
Materials requisitioned, $642,250,
of which $72,680 was for general factory use.
31
Factory labor used, $631,920, of
which $91,350 was indirect.
31
Other costs incurred on account for
factory overhead, $153,030; selling expenses, $228,490; and
administrative expenses, $150,890.
31
Prepaid expenses expired for
factory overhead, $29,630; for selling expenses, $26,950; and for
administrative...
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