Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculalor Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The following data summarize the operations related

image text in transcribed
Calculalor Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account, $2,550. b. Materials requisitioned and factory labor used: 4P Job No. Materials Factory Labor 101 $1,800 $3,300 102 2,200 4,460 103 1,460 2,180 104 4,930 8,180 105 3,130 6,240 106 2,290 3,960 For general factory use 610 4,880 c. Factory overhead costs incurred on account, $3,440. d. Depreciation of machinery and equipment, $2,340. e. The factory overhead rate is $50 per machine hour. Machine hours used: Job No. Machine Hours 101 35 102 35 103 37 104 70 105 32 106 29 238 Total Jobs completed: 101, 102, 103, and 105 g. Jobs were shipped and customers were billed as follows: Job 101, $8,220; Job 102, $10,090; Job 105, $15,920. Required: Check My Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Define capital structure.

Answered: 1 week ago

Question

List out some inventory management techniques.

Answered: 1 week ago