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Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are stil in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the material and later charger directly to the jobs, $1,540 of indirect materials and $18,640 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form Job 301 Direct materials Direct labor Factory overhead Total Direct materials Direct labor $15,940 6,100 3,355 $25,395 Job 302 $7,450 3,200 Factory overhead Total Direct materials Direct labor 1,760 $12,410 Only numbers are allowed in this field. Job 303 $22,640 6,800 Factory overhead Job 304 Direct materials $4,590 Direct labor Factory overhead Journalize the summary entry to record each of the following operations for March (ane entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable 88 c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead 38 d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank 88

Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are stil in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the material and later charger directly to the jobs, $1,540 of indirect materials and $18,640 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form Job 301 Direct materials Direct labor Factory overhead Total Direct materials Direct labor $15,940 6,100 3,355 $25,395 Job 302 $7,450 3,200 Factory overhead Total Direct materials Direct labor 1,760 $12,410 Only numbers are allowed in this field. Job 303 $22,640 6,800 Factory overhead Job 304 Direct materials $4,590 Direct labor Factory overhead Journalize the summary entry to record each of the following operations for March (ane entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable 88 c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead 38 d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank 88

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 13E: Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed...
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Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are stil in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the material and later charger directly to the jobs, $1,540 of indirect materials and $18,640 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form Job 301 Direct materials Direct labor Factory overhead Total Direct materials Direct labor $15,940 6,100 3,355 $25,395 Job 302 $7,450 3,200 Factory overhead Total Direct materials Direct labor 1,760 $12,410 Only numbers are allowed in this field. Job 303 $22,640 6,800 Factory overhead Job 304 Direct materials $4,590 Direct labor Factory overhead Journalize the summary entry to record each of the following operations for March (ane entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable 88 c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead 38 d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank 88
Transcribed Image Text:Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are stil in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the material and later charger directly to the jobs, $1,540 of indirect materials and $18,640 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form Job 301 Direct materials Direct labor Factory overhead Total Direct materials Direct labor $15,940 6,100 3,355 $25,395 Job 302 $7,450 3,200 Factory overhead Total Direct materials Direct labor 1,760 $12,410 Only numbers are allowed in this field. Job 303 $22,640 6,800 Factory overhead Job 304 Direct materials $4,590 Direct labor Factory overhead Journalize the summary entry to record each of the following operations for March (ane entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable 88 c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead 38 d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank 88
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