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Everton Manufacturing Company (EMC) uses a work order cost accounting system. On October 1, the company has a balance in its court work account
Everton Manufacturing Company (EMC) uses a work order cost accounting system. On October 1, the company has a balance in its court work account totalling $5,500. This amount represents two jobs that are still in progress: job No. 429, $3,000 and job No. 430, $2,500. In October, a review of the source documents used by EMC revealed: for Job No. 429 Job No. 430 Job No. 431 Job No. 432 FGF Indirect MP FGF Indirect MOD Commodities Direct labour $4,500 $6,400 2,600 3,400 3,400 4,200 3,000 4,000 1,000 1,500 $14,500 $19.500 EMC applies manufacturing overhead to jobs based on 70% of the direct workforce. Job 429 was completed during the month.
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