101 102 103 104 38,200 105 18,050 106 18,000 For general factory use 9,000 c. Factory overhead costs incurred on account, $6,0 d. Depreciation of machinery and equipment, $4,10 e. The factory overhead rate is $40 per machine ho Job No. 101 102 103 104 105 106 154 160 Entries Machine Hours 126 238 Matera IS 160 174 $19,320 23,100 13,440 Total 1,012 & Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as Required: 1. Journalize the entries to record the summarized Description
101 102 103 104 38,200 105 18,050 106 18,000 For general factory use 9,000 c. Factory overhead costs incurred on account, $6,0 d. Depreciation of machinery and equipment, $4,10 e. The factory overhead rate is $40 per machine ho Job No. 101 102 103 104 105 106 154 160 Entries Machine Hours 126 238 Matera IS 160 174 $19,320 23,100 13,440 Total 1,012 & Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as Required: 1. Journalize the entries to record the summarized Description
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![a. Materials purchased on account, $147,000.
b. Materials requisitioned and factory labor used:
Job No.
101
102
$19,320
23,100
13,440
38,200
105
18,050
106
18,000
For general factory use
9,000
c. Factory overhead costs incurred on account, $6,000.
d. Depreciation of machinery and equipment, $4,100.
e. The factory overhead rate is $40 per machine hour. Machine hours used:
103
104
Job No.
101
102
103
104
105
106
Entries
Machine Hours
154
160
126
238
Materials
160
174
Factory Labor
$19,500
28,140
14,000
36,500
15,540
18,700
20,160
Total
1,012
& Jobs completed: 101, 102, 103, and 105.
g. Jobs were shipped and customers were billed as follows: Job 101, $62,900; Job 102, $80,700; Job 105, $45,500.
Required:
1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
Description
Debit
000 00
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F500a9204-7000-46c0-b2c8-8ef9720602c9%2F52f21953-94e2-407c-acd3-5ffb694ad221%2Fk0grkrf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a. Materials purchased on account, $147,000.
b. Materials requisitioned and factory labor used:
Job No.
101
102
$19,320
23,100
13,440
38,200
105
18,050
106
18,000
For general factory use
9,000
c. Factory overhead costs incurred on account, $6,000.
d. Depreciation of machinery and equipment, $4,100.
e. The factory overhead rate is $40 per machine hour. Machine hours used:
103
104
Job No.
101
102
103
104
105
106
Entries
Machine Hours
154
160
126
238
Materials
160
174
Factory Labor
$19,500
28,140
14,000
36,500
15,540
18,700
20,160
Total
1,012
& Jobs completed: 101, 102, 103, and 105.
g. Jobs were shipped and customers were billed as follows: Job 101, $62,900; Job 102, $80,700; Job 105, $45,500.
Required:
1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
Description
Debit
000 00
Credit
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