Q1. Carter Packaging Company is engaged in the business of producing customized tins for its corporate...

Q1. Carter Packaging Company is engaged in the business of producing customized tins for its corporate clients. The manufacturing facility is located in North Hamsphire, Olton.

On March 31, 2018 Boost Drinks Limited ordered 3000 tin cans to be supplied before April 16, 2008. The order is named as Job # 2 & was completed on April 11, 2008 and transferred to the warehouse. On April 14 the goods were shipped to the customer at a total prices of Cost + 25%.

Additional information:

1. Raw material was purchased for $ 13000. Out of this 22% was allocated to Job # 2B

2. Labor costs $9 per hour. Each tin requires 30 minutes to complete.

3. Supervision cost amounted to 400 for Job # 2B.

4. Machine and building depreciation were 1200 and 2000 respectively. 40% is allocated to the job # 2B.

Required:

You are required

1. Prepare a Job Order Cost Sheet for Job # 2B.

2. Pass Necessary Journal entries in the books of Carter Packaging Company

3. Prepare the FOH Control and Work in Process account for the Job # 2B.

Solutions

Expert Solution

ekkarill92 answered 5 months ago

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