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Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: a.
Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations:
a. Materials purchased on account, $147,000.
b. Materials requisitioned and factory labor used: Job No. 101 102 103 $19,320 23,100 13,440 38,200 18,050 18,000 For general factory use 9,000
c. Factory overhead costs incurred on account, $6,000.
d. Depreciation of factory machinery and equipment, $4,100.
e. The factory overhead rate is $40 per machine hour. Machine hours used:
f. jobs completed 101,102,103, and 105
g. jobs were shipped and customers were billed as follows: job 101,$62900; job 102,$80700; job 105, 45500
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