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Category > Management Posted 30 Oct 2017 My Price 7.00

Enos Printing Corp.

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

2.  Materials requisitioned and factory labor used by job:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Job Number

 

Materials

 

Factory 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 $49,500.

4.  Depreciation on factory equipment $14,550.

5.  Depreciation on the company’s office building was $14,300.

6.  Manufacturing overhead rate is 90% of direct labor cost.

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

Instructions

Prepare entries to record the operations summarized above. (Prepare a schedule showing the individual cost elements and total cost for each job in item 7.)

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Oct 2017 08:10 PM My Price 7.00

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