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Eton Corporation started and finished job no. K24 during August. The job required $16,000 of direct materials and 40 hours of direct labor at
Eton Corporation started and finished job no. K24 during August. The job required $16,000 of direct materials and 40 hours of direct labor at $18 per hour. The predetermined factory overhead rate is $22 per direct labor hour. During August, direct materials requisitions for all jobs (including job no. K24) totaled $184,000. The total direct labor hours and cost for all jobs (including job no. K24) were 8,000 hours at $18 per hour. The costs of all jobs completed (including job no. K24) were $342,000. Required: A. Prepare journal entries that summarize August's total activity. B. Determine the cost of job no. K24. Par... v
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