Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 11.00

Copa Printing Corp

E2-8     Copa 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 $192,000, and factory wages incurred $87,300.

2.   Materials requisitioned and factory labor used by job:

 

Factory

 

Job Number

 

Materials

 

Labor

A20

 

$  35,240

 

$18,000

A21

 

42,920

 

22,000

A22

 

36,100

 

15,000

A23

 

39,270

 

25,000

General factory use

 

4,470

 

7,300

 

 

$158,000

 

$87,300

 

                                 

 

3.   Manufacturing overhead costs incurred on account $39,500.

4.   Depreciation on machinery and equipment $14,550.

5.   Manufacturing overhead rate is 80% of direct labor cost.

6.   Jobs completed during the quarter: A20, A21, and A23.

Instructions

Prepare entries to record the operations summarized above. (Prepare a schedule show- ing the individual cost elements and total cost for each job in item 6.)

Answers

Maurice Tutor
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Status NEW Posted 19 Aug 2017 07:08 PM My Price 11.00

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