Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations: 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 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: 103 104 105 Job No. 101 102 103 104 105 106 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

Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations: 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 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: 103 104 105 Job No. 101 102 103 104 105 106 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

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Description: Entries and Schedules for Unfinished Jobs and Completed JobsHildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations:a. Materials purchased on account, $147,0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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