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Please help me answer all of the parts. Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system.
Please help me answer all of the parts.
Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April 2014, the first month of operations a. Materials purchased on account, $147,000 b. Materials requisitioned and factory labor used Factory Labor Job No. 101 102 103 104 105 106 For general factory use Materials $19,320 23,100 13,440 38,200 18,050 18,000 9,000 $19,500 28,140 14,000 36,500 15,540 18,700 20,160 C. Factory overhead costs incurred on account, $6,000 d. Depreciation of machinery and equipment, $4,100 e. The factory overhead rate is $40 per machine hour. Machine hours used: Job 101 102 103 104 105 106 Total Machine Hours 154 160 126 238 160 174 1,012 f. Jobs completed: 101, 102, 103, and 105 g. Jobs were shipped and customers were billed as follows: Job 101, $62,900; Job 102, $80,700; Job 105, $45,500Step by Step Solution
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