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SHOW ME NOW GENERAL LEDGER PR 16-1B Entries for costs in a job order cost system Obj 2 Royal Technology Company uses a job
SHOW ME NOW GENERAL LEDGER PR 16-1B Entries for costs in a job order cost system Obj 2 Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: A. Materials purchased on account, $770,000. B. Materials requisitioned, $680,000, of which $75,800 was for general factory use. C. Factory labor used, $756,000, of which $182,000 was indirect. D. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. E. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for administre tive expenses, $16,660.
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