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Cullumber 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
Cullumber 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 were $192.200, and factory wages incurred were $93,000. 2. Materials requisitioned and factory labour used by job were as follows: Job Number Materials Factory Labour $33,670 $18.000 A20 A21 43,510 24,300 A22 36,000 17.700 A23 41.990 25,400 Indirect 4.520 7.600 $159,690 93.000 3. 4. Manufacturing overhead costs incurred on account were $59,500. (Hint: Use Accounts Payable.) Depreciation on machinery and equipment was $14,800. The manufacturing overhead rate is 80% of the direct labour cost. Jobs completed during the quarter were A20, A21, and A23. 5. 6. (a 1) Prepare entries to record the operations summarized above (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Tries and Explanation Debit Credit 1 (To record materials purchased) (To record factory wages incurred) 2 (To record materials requisitioned by job) (To record factory labour used by job) 3. 4. 5. 5. 6. Se for Later Attempts: 0 of 1 used ubmit Answer (a2) The parts of this question must be completed in order this part will be available when you complete the part above
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