Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. 2. 3. 4.
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. 2. 3. 4. 5. 6. 7. Job Number General factory use Job Materials purchased on account $193,600, and factory wages incurred $94,300. Materials requisitioned and factory labor used by job: A20 A21 A20 A23 A21 A22 A23 Materials $37,540 45,820 37,300 41,470 $ 4,770 $166,900 Direct Materials Prepare a schedule showing the individual cost elements and total cost for each job in item 7. 37540 Factory Labor 45820 41470 $19,300 Manufacturing overhead costs incurred on account $51,800. Depreciation on factory equipment $16,450. Depreciation on the company's office building was $15,000. Manufacturing overhead rate is 85% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23. 23,300 $ 17,100 26,600 8,000 $94,300 Direct Labor 19300 23300 26600 $ Manufacturing Overhead $ Total 4
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started