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i need lots of help on this one :( Oriole Printing Corp. uses a job order cost system. The following data summarize the operations related
i need lots of help on this one :(
Oriole 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 $168,960, and factory wages incurred $77,000. 2. Materials requisitioned and factory labor used by job: 3. Manufacturing overhead costs incurred on account \$43.560. (Hint: Use Accounts Payable.) 4. Depreciation on factory equipment $12,800. 5. Depreciation on the companys office building was $12,600. 6. Manufacturing overhead rate is 900 of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Prepare a schedule showing the individual cost elements and total cost for each job in ltem 7. Prepare entries to record the operations summarized above. (List alf debit entries before credit entries. Credit account tities are outomaticelly indented when amount is entered. Do not indent manually.) Question 4 of 6 /15 (To record materials put into production) (To record labor put into production) (3) (4) (5) (6) (7) eTextbook and Media Step by Step Solution
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