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Schedules for Unfinished Jobs and Completed Jobs Waddell Equipment Company uses a job order cost system. The following data summarize the operations related to production
Schedules for Unfinished Jobs and Completed Jobs Waddell Equipment Company uses a job order cost system. The following data summarize the operations related to production for April 20Y4, the first month of operations: a. Materials purchased on account, $117,000 b. Materials requisitioned and factory labor used: Factory Labor $11,750 $11,000 14,375 14,850 7,450 32,250 27,300 20,500 20,750 14,900 13,250 4,300 16,250 Job Materials No. 401 No. 402 No. 403 No. 404 No. 405 No. 406 For general factory use 9,500 c. Factory overhead costs incurred on account, $18,000 d. Depreciation of machinery and equipment, $6,240 e. The factory overhead rate is $53 per machine hour. Machine hours used: Job No. 401 No. 402 No. 403 No. 404 No. 405 No. 406 Tota Machine Hours 38 30 18 56 24 14 180 f. Jobs completed: 401, 402, 403, and 405 g. Jobs were shipped and customers were billed as follows: Job 401,32,500; Job 402,45,000:Job 403, s60, 000 Instructions
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