I would like to compare my work to someone elses 7. The following information was taken from

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7. The following information was taken from the job cost sheet for Job 101 for Scott Manufacturing Company: Date started: July 5 Date completed: August 21 Direct M materials July 5 $3,000 July 15 July 1'." 1,500 July 22 August 1 1,500 August 21 Direct labor $ 900 1,350 600 Job 101 was sold on account on August 25 for 160% of its cost. Required: A. B. Factory overhead $450 675 300 M Total Prepare summary journal entries to record the costs incurred for Job 101 in the current year for direct materials, direct labor, and factory overhead. Prepare the journal entry to record the completion of Job 101. What is the predetermined factory overhead rate for Scott? Prepare the journal entries to record the sale of Job 101

Posted Date: Jun 21, 2024 11:14 PM

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