Answered step by step
Verified Expert Solution
Link Copied!

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.Materials purchased on account

Enos 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 $195,400, and factory wages incurred $90,400.2.Materials requisitioned and factory labor used by job:

Job Number

Materials

Factory Labor

A20$37,540$18,300A2144,72023,500A2236,90015,100A2342,17025,100General factory use4,8708,400$166,200$90,400

3.Manufacturing overhead costs incurred on account $50,900.4.Depreciation on factory equipment $17,050.5.Depreciation on the company's office building was $14,300.6.Manufacturing overhead rate is 80% of direct labor cost.7.Jobs completed during the quarter: A20, A21, and A23.

Prepare schedule showing the individual cost elements and total cost for each job in item 7.

Job

Direct

Materials

Direct

Labor

Manufacturing

Overhead

Total

A20$

$

$

$

A21

A23

$

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

Recommended Textbook for

Calculus Early Transcendentals

Authors: James Stewart

7th edition

538497904, 978-0538497909

Students also viewed these Accounting questions