Question
Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize the operations related to production for
Entries and Schedules for Unfinished Jobs and Completed Jobs
Hildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations:
- Materials purchased on account, $2,280.
- Materials requisitioned and factory labor used:
Job No.MaterialsFactory Labor101$3,210$1,9201023,9202,5901032,6001,2701048,8004,7601055,5903,6301064,0802,300For general factory use1,0902,840
3. Factory overhead costs incurred on account, $6,130.
4. Depreciation of machinery and equipment, $1,360.
5. The factory overhead rate is $55 per machine hour. Machine hours used:
Job No. Machine Hours
101 41
102 22
103 28
104 82
105 32
106 34
Total 239
6. Jobs completed: 101, 102, 103, and 105.
7. Jobs were shipped and customers were billed as follows: Job 101, $8,860; Job 102, $9,260; Job 105, $15,690.
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