Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help asap pls K company production was working on Job 1 and Job 2 during the month. Of the $770 in direct materials, $370 in
help asap pls K company production was working on Job 1 and Job 2 during the month. Of the $770 in direct materials, $370 in materials was requested for Job 1 . Direct labor cost, including payroll taxes, are $22 per hour, and employees worked 17 hours on Job 1 and 28 hours on Job 2. Overhead is applied at the rate of $18 per direct labor hours. Prepare job order cost sheets for each job. During the month, Job AB2 used specialized machinery for 450 hours and incurred $450 in utilities on account, $350 in factory depreciation expense, and $100 in property tax on the factory. Prepare journal entries for the following: If an amount box does not require an entry, leave it blank. A. Record the expenses incurred. B. Record the allocation of overhead at the predetermined rate of $1.40 per machine hour
help asap pls
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started