Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

wement play/indeschid 5643007- Question 3 of 5 En Printing Corp sont lb under cat Job Number 330 A21 22 300 15300 623 C 2000 SMAS

wement play/indeschid 5643007- Question 3 of 5 En Printing Corp sont lb under cat Job Number 330 A21 22 300 15300 623 C 2000 SMAS Macht 4 R 55 L B 4 6 6 062/3 (2 91@ 19 B A 4 " 7 8 9 6 02 T Y U G H L K 0 < D N M M P 200 A H ? Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered. Do not indent manually No. Account Titles and Explanation (1) (To record materials purchases) (2) (To record factory wages) (To record materials put into production) (3) (To record labor put into production) (4) (5) (6) 9 Debit 194400 Credit 194400 Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $194,400, and factory wages incurred $90,400. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $36,540 $18,100 A21 45,720 22,800 A22 36,800 15,800 A23 40,570 26.200 General factory use 4,870 7,500 $164,500 $90,400 3. Manufacturing overhead costs incurred on account $50,900 4. Depreciation on factory equipment $16.150. 5. Depreciation on the company's office building was $15,000. 6. Manufacturing overhead rate is 83% 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. No. Account Titles and Explanation (1) (To record materials purchases) (2) (To record factory wages) (To record materials put into production) (To record labor put into production) Debit 194400 Credit 194400 Question 3 of 5 < > (3) (To record labor put into production) (4) (5) (6) (7) 0.62/3 E

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statements Self Study Guide

Authors: Azhar Ul Haque Sario

1st Edition

979-8223894605

More Books

Students also viewed these Accounting questions

Question

2. Develop a program for effectively managing diversity.

Answered: 1 week ago

Question

7. What is coaching? Is there only one type of coaching? Explain.

Answered: 1 week ago