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Exercise 3.24 a-b (Part Level Submission) Garnett Printing Corp. uses a job-order cost system. The following data summarize the operations related to the first quarter's
Exercise 3.24 a-b (Part Level Submission) Garnett 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 were $192,000, and factory wages incurred were $93,600 2. Materials requisitioned and factory labour used by job were as follows: Job Number Materials A20 A21 A22 A23 General factory use $33,940 43,880 36,400 41,980 4,480 $160,680 Factory Labour $18,200 24,200 17,600 25,100 8,500 93,600 3. Manufacturing overhead costs incurred on account were $59,700. 4. Depreciation on machinery and equipment was $15,550. 5. The manufacturing overhead rate is 80% of the direct labour cost. Jobs completed during the quarter were A20, A21, and A23. 6. (a1) Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when the amount is entered. Dom
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