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Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. 2. 3. 4. 5.
Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. 2. 3. 4. 5. Job Number Materials purchased on account $241,920, and factory wages incurred $111,010. Materials requisitioned and factory labor used by job: 6. General factory use 7. A20 A21 A22 A23 Materials $44,290 54,120 45,440 49,590 5,650 $199,090 Factory Labor $23,600 27,720 18,900 31,500 9,290 $111,010 Manufacturing overhead costs incurred on account $62,370. (Hint: Use Accounts Payable.) Depreciation on factory equipment $18,310. Depreciation on the company's office building was $18,110. Manufacturing overhead rate is 90% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23.
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Crane Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on aceount $241,920, and factory wages incurred $111,010. 2. Materials requisitioned and factory labor used by job: 3 Manufacturing overhead costs incurred on account 562,370. (Hint: Use Accounts Payable) 4. Depreciation on factory equipment $18,310. 5. Depreciation on the company's office building was $18,110 6. Manufacturing overhead rate is 90% of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23. Crane Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on aceount $241,920, and factory wages incurred $111,010. 2. Materials requisitioned and factory labor used by job: 3 Manufacturing overhead costs incurred on account 562,370. (Hint: Use Accounts Payable) 4. Depreciation on factory equipment $18,310. 5. Depreciation on the company's office building was $18,110 6. Manufacturing overhead rate is 90% of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23 Step by Step Solution
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