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 quarters production 1 2 Materials purchased

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Enos Printing Corp, uses a job order cost system. The following data summarize the operations related to the first quarters production 1 2 Materials purchased on account $197.100, and factory wages incurred 593300 Material requisitioned and factory labor used by job Job Number A20 A21 A22 Materials $37,840 44,620 36,700 40,370 5,270 $164,800 Factory Labor $19,000 23,700 15,700 26,500 2,400 593,300 A23 General factoryuse 3 4 Manufacturing overhead costs incurred on account $52,200 Depreciation on factory equipment $16.750 Depreciation on the company's office building was $15.000 Manufacturing overhead rates Box of direct labor cott Jobis completed during the quarter: A20, A21 and 23 6 7 Prepare a schedule showing the individual cost elements and total cost foreachjobin item Prepare a schedule showing the individual cost elements and total cost for each job in item Direct Direct Manufacturing Job Materials Labor Overhead A20 $ 37840 190 5 16.40 Total 73 A21 23700 2032 BE A23 40020 26500 2270 251 Prepare entries to record the operations summarired above. (Credit account titles v otomotically indented when amount is entered, Do not indent manual) No. Account Titles and Explanation Debit Credit (1) Raw Materials diversary 197100 Accounts 1.100 (To record materials purchases) Last 93300 1300 Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered Do not indent manual Debit Credit No. Account Titles and Explanation (1) Raw Material trivstory 197100 197100 Accounts Paribio (To record materials purchases) Tory Labor 97100 97300 Factory Waste (To record factory wages) Work in Processor (2) 159500 Martin Overhead TADO Raw Materials levertory (To record materials put into production) Work in Processory 4900 Manufacturing Overead 3400 93300 Factory Labor (To record labor put into production) (To record materials put into production) Work in Process inventory 94900 1400 Manufacturer Overca 92000 Factory Labor (To record labor put into production) Factory later (3) 93300 Factory Wa Payable 93000 52200 Maraton Overhead Account Pate 52200 (5) Manufacturing Overhead 16750 Amundesreciation or 16750 (6) Work in Processinventory 73014 Manufacturing Overhead 71014 (7) Finished Goods Inventory 317444 Work Process inventory 317444

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

The Concept And Objectives Of Quality Auditing ISO 9001Total Quality Management

Authors: Mahmoud Fadhel Idan

1st Edition

6202795158, 978-6202795159

More Books

Students also viewed these Accounting questions