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Information on Kwon Manufacturing s activities for its first month of operations follows: Purchased $ 1 0 0 , 5 0 0 of raw materials
Information on Kwon Manufacturings activities for its first month of operations follows: Purchased $ of raw materials on credit. Materials requisitions show the following materials used for the month. Job $ Job Total direct materials Indirect materials Total materials used $ Time tickets show the following labor used for the month. Job $ Job Total direct labor Indirect labor Total labor used $ Applied overhead to Job and to Job using a predetermined overhead rate of of direct materials cost. Transferred Job to Finished Goods Inventory. Sold Job for $ on credit. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment $ Rent on factory building payable Factory utilities payable Expired factory insurance Total other factory overhead costs $ Prepare a job cost sheet for Job and for Job for the month. Compute gross profit on the sale of Job
Information on Kwon Manufacturings activities for its first month of operations follows:
Purchased $ of raw materials on credit.
Materials requisitions show the following materials used for the month.
Job $
Job
Total direct materials
Indirect materials
Total materials used $
Time tickets show the following labor used for the month.
Job $
Job
Total direct labor
Indirect labor
Total labor used $
Applied overhead to Job and to Job using a predetermined overhead rate of of direct materials cost.
Transferred Job to Finished Goods Inventory.
Sold Job for $ on credit.
Incurred the following actual other overhead costs for the month.
Depreciation of factory equipment $
Rent on factory building payable
Factory utilities payable
Expired factory insurance
Total other factory overhead costs $
Prepare a job cost sheet for Job and for Job for the month.
Compute gross profit on the sale of Job
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