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Category > Management Posted 03 Feb 2018 My Price 9.00

Derby Music Company

Derby Music Company specializes in producing and packaging compact discs (CDs) for the music recording industry. Derby uses a job order cost system.

The following data summarize the operations related to production for March, the first month of operations:

a. Materials purchased on account, $15,500.

b. Materials requisitioned and labor used:

c. Factory overhead costs incurred on account, $2,700.

d. Depreciation of machinery, $1,750.

e. Factory overhead is applied at a rate of 70% of direct labor cost.

f. Jobs completed: Nos. 100, 101, 102, 104.

g. Jobs 100, 101, and 102 were shipped, and customers were billed for $8,100, $3,800, and $3,500, respectively.

Instructions

1. Prepare a schedule summarizing manufacturing costs by job during the month. Use the following form:

2. Prepare a schedule of jobs finished.

3. Prepare a schedule of jobs sold.

4. Prepare a schedule of completed jobs on hand at the end of the month.

5. Prepare a schedule of unfinished jobs at the end of the month.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Feb 2018 11:02 PM My Price 9.00

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