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Job Job Order Costing - Job Balances This company uses a JOB ORDER cost system. The following data summarize the operations related to production for
Job Job Order Costing - Job Balances This company uses a JOB ORDER cost system. The following data summarize the operations related to production for April, the first month of operations. Finish the Completed Jobs Table and the T-accounts. (Fill in all answer boxes. Use o if you believe there should not be a number in a box.) I.) Materials Requisitioned II.) Factory Labor for Month Job Materials Labor DL Hours No. 506 $3,200 No. 506 $3,300 110 hrs No. 507 $4,000 No. 507 $4,600 Indirect $600 Indirect $2,100 $7,800 Total $10,000 280 hrs III.) Factory Overhead costs incurred on account, $1,825 IV.) The Factory Overhead rate is $15.00 per Direct Labor Hour Completed Jobs Table: 170 hrs Total Job DM DL FOH Total No. 506 $3,200 $3,300 No. 507 $4,000 $4,600 V.) Only Job No. 506 was COMPLETED and transferred to Finished goods in the month Raw Materials Factory Overhead Job Job Order Costing - Job Balances This company uses a JOB ORDER cost system. The following data summarize the operations related to production for April, the first month of operations. Finish the Completed Jobs Table and the T-accounts. (Fill in all answer boxes. Use o if you believe there should not be a number in a box.) I.) Materials Requisitioned II.) Factory Labor for Month Job Materials Labor DL Hours No. 506 $3,200 No. 506 $3,300 110 hrs No. 507 $4,000 No. 507 $4,600 Indirect $600 Indirect $2,100 $7,800 Total $10,000 280 hrs III.) Factory Overhead costs incurred on account, $1,825 IV.) The Factory Overhead rate is $15.00 per Direct Labor Hour Completed Jobs Table: 170 hrs Total Job DM DL FOH Total No. 506 $3,200 $3,300 No. 507 $4,000 $4,600 V.) Only Job No. 506 was COMPLETED and transferred to Finished goods in the month Raw Materials Factory Overhead
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