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Please help ASAP! Quark Spy Equipment manufactures espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct
Please help ASAP! Quark Spy Equipment manufactures espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct labor-hours. For the current year, Quark estimated that it would work 111,000 direct labor-hours and incur $32,079,000 of manufacturing overhead cost. The following summarized information relates to January of the current year. The raw materials purchased include both direct and indirect materials. Raw materials purchased on account Direct materials requisitioned into production $2,084,900 Indirect materials requisitioned into production S 158,200 Direct labor cost (12,700 hours@ $32 per hour) S 406.400 Indirect labor cost (13.200 hours $23 per hour) S 303,600 Depreciation on the factory building Depreciation on the factory equipment Utilities for the factory Cost of jobs finished Cost of jobs sold Sales (all on account) $2,264,400 S 354,200 $ 1,656,000 S 149,000 $ 4,669,600 $ 4,456,500 $ 6,685,600 Reguired
Please help ASAP!
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