Refer to the information in Problem 6. Record the information in the T-accounts.

Data from problem 6

The Moez Company uses a normal job order cost system. Other data:
• There are three jobs that pass through the two production departments.
• Job 401 and Job 402 were completed and sold during January.
• Job 403 was not completed as of December 31, 2022.
• The company considers under- or overallocated overhead immaterial.

Transcribed Image Text:

Departments Department 1 Department 2 Department 1 Department 2 Direct labor cost: Work in Process 01/01/2022 Direct materials: Department 1 Department 2 Machine hours: Actual Direct Labor Rates Department 1 Department 2 $ 12 per hour $15 per hour Budget Overhead Driver Rates $10 per machine hour 150% of direct labor cost Actual Overhead Job 401 Job 402 Job 403 $20,000 $34,000 $11,000 800 130 $ 45,000 $ 60,000 Total $65,000 $40,000 $26,000 $50,000 $116,000 $5,000 $8,000 $12,000 $25,000 $9,000 $12,000 $7,000 $28,000 $11,000 $16,000 $9,000 $36,000 1,200 2,300 4,300 250 180 560