Question
Sunland Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarters production. 1. Materials purchased on
Sunland Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarters production.
1. | Materials purchased on account $222,720, and factory wages incurred $102,060. | |
2. | Materials requisitioned and factory labor used by job: |
Job Number | Materials | Factory Labor | ||
---|---|---|---|---|
A20 | $40,790 | $21,600 | ||
A21 | 49,820 | 25,520 | ||
A22 | 41,840 | 17,400 | ||
A23 | 45,640 | 29,000 | ||
General factory use | 5,200 | 8,540 | ||
$183,290 | $102,060 |
3. | Manufacturing overhead costs incurred on account $57,420. (Hint: Use Accounts Payable.) | |
4. | Depreciation on factory equipment $16,860. | |
5. | Depreciation on the companys office building was $16,660. | |
6. | Manufacturing overhead rate is 90% of direct labor cost. | |
7. | Jobs completed during the quarter: A20, A21, and A23. |
Prepare a schedule showing the individual cost elements and total cost for each job in item 7.
Job | Direct Materials | Direct Labor | Manufacturing Overhead | Total | ||||
---|---|---|---|---|---|---|---|---|
A20 | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||
A21 | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
A23 | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
$enter a total amount |
Prepare entries to record the operations summarized above. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
(1) | enter an account title to record materials purchase | enter a debit amount | enter a credit amount |
enter an account title to record materials purchase | enter a debit amount | enter a credit amount | |
(To record materials purchases) | |||
enter an account title to record factory wages | enter a debit amount | enter a credit amount | |
enter an account title to record factory wages | enter a debit amount | enter a credit amount | |
(To record factory wages) | |||
(2) | enter an account title to record materials put into production | enter a debit amount | enter a credit amount |
enter an account title to record materials put into production | enter a debit amount | enter a credit amount | |
enter an account title to record materials put into production | enter a debit amount | enter a credit amount | |
(To record materials put into production) | |||
enter an account title to record labor put into production | enter a debit amount | enter a credit amount | |
enter an account title to record labor put into production | enter a debit amount | enter a credit amount | |
enter an account title to record labor put into production | enter a debit amount | enter a credit amount | |
(To record labor put into production) | |||
(3) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(4) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(5) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(6) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(7) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
ALL THINGS THAT SAY ENTER IS WHAT I NEED thank you
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