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1. 2. 3. 4. The materials purchased during June are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows:
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The materials purchased during June are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows: The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Joumalize the entry to record the purchase of materials in June. If an amount box does not th b. Journalize the entry to record the requisition of materials in June. If an amount box does not c. Determine the June 30 balances that would be shown in the materials ledger accounts. Townsend Industries Inc, manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: a. Joumalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. b. Journalize the entry to apply factory overhead to production for November. If an amount box does not require an entry, leave it blank. a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory 2. 5 per direct labor hour The following account appears in the ledger prior to recognizing the jobs completed in January: Jobs finished during January are summarized as follows: a. Joumalize the entry to record the jobs completed. If an amount box does not require an ent b. Determine the cost of the unfinished jobs at January 31 . 5Step by Step Solution
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