Question
The following information relates to the manufacturing operations of Delicious Co. during the month of January. The company uses job order costing. Please do the
The following information relates to the manufacturing operations of Delicious Co. during the month of January. The company uses job order costing. Please do the following journal entries. Points will be given ONLY if you show ALL computations. Do the journal entries inside the table and show your calculations outside the table. a) Purchases of direct materials on account during the month amount to $45000 b) Materials used by the Production Department during the month total $40000 c) Time cards of direct workers show 1200 hours worked on various jobs during the month for $20 per hour Calculations: d) Direct workers were paid $20000 in January e) Actual overhead costs for the month mount to $42000. Overhead costs has not been paid in cash yet, will be paid later. f) Overhead is applied to jobs at a rate of 120% direct labor cost Calculations:
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