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Sandhill Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. 2. 4. 5.
Sandhill Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. 2. 4. 5. Job Number 6. General factory use Materials purchased on account $230,400, and factory wages incurred $105,640. Materials requisitioned and factory labor used by job: Job A20 A20 A21 A21 A23 A22 A23 Materials $42,190 $ 51,540 43,280 47,220 3. Manufacturing overhead costs incurred on account $59,400. (Hint: Use Accounts Payable.) Depreciation on factory equipment $17,440. Depreciation on the company's office building was $17,240. Manufacturing overhead rate is 90% of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23. 5,380 $189,610 Factory Labor $22,400 Direct Materials Prepare a schedule showing the individual cost elements and total cost for each job in item 7. 26,400 18,000 $ 30,000 8,840 $105,640 Direct Labor $ Manufacturing Overhead $ $ Total
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