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

Expert Solution

ekkarill92 answered 9 months ago
Next > < Previous

Related 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...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT