Layout Formulas Data Review View Calibri 11 2Wrap Text Paste BIU EEBE E Merge & C Clipboard Font Alignment A54 F. H. 1. Practice Quiz Job Order Costing The information below is for ABC Co.'s first month of operations. The following jobs were begun during the month 9. Number of Direct Job & Products Materials Labor Labor Hours 8. 100 140 $ 1,200 $ 1,100 100 10 11. 101 144 $1,500 $1,500 120 12 13 102 80 $ 1,100 900 80 14 15 103 150 800 $ 1,000 100 16 Indirect 500 700 18 Additional Information: 20 1. Jobs #100, #101 and #102 were completed during the month; Job #103 remained unfinished at the EOM. 2. Other factory overhead incurred during the month amounted to $60, 3. Factory overhead is applied to jobs on the basis of a predetermined rate of $5 per direct labor hour. 24 Required. 1 Prepare the journal entries to record: a. the requisition of materials during the month b. labor incurred during the month c application of factory overhead to jobs d. cost transferred to finished goods inventory during the month e. the sale of 100 products from Job #100 (ignore the sales entry) 2. Caloulate the balance in the WIP and FOH accounts at month end. 25 2. Sheet1 Sheet2 Sheet3 OType here to search **** %24 %24 E. File Нome Insert Page Layout Formulas Data Review View Calibri 11 -A A 8 Wrap Text Paste BIU EE=EE E Merge & Clipboard Font Alignment A54 E. G. H. K. 23 24 Required. 25 1 Prepare the journal entries to record. 26 a. the requisition of materials during the month b. labor incurred during the month o. application of factory overhead to jobs d. cost transferred to finished goods inventory during the month e. the sale of 100 products from Job #100 (ignore the sales entry] 2. Calculate the balance in the WIP and FOH accounts at month end. 27 28 29 30 31 32 33 34 Job #100 Job #101 35 36 DM DM 37 38 DL DL 39 40 FOH FOH 41 42 43 Job #102 Job #103 44 45 DM DM 46 47 DL DL 48 FOH 50 49 FOH 51 52 53 54 55 Sheet Sheet2 Sheets 868888R
Layout Formulas Data Review View Calibri 11 2Wrap Text Paste BIU EEBE E Merge & C Clipboard Font Alignment A54 F. H. 1. Practice Quiz Job Order Costing The information below is for ABC Co.'s first month of operations. The following jobs were begun during the month 9. Number of Direct Job & Products Materials Labor Labor Hours 8. 100 140 $ 1,200 $ 1,100 100 10 11. 101 144 $1,500 $1,500 120 12 13 102 80 $ 1,100 900 80 14 15 103 150 800 $ 1,000 100 16 Indirect 500 700 18 Additional Information: 20 1. Jobs #100, #101 and #102 were completed during the month; Job #103 remained unfinished at the EOM. 2. Other factory overhead incurred during the month amounted to $60, 3. Factory overhead is applied to jobs on the basis of a predetermined rate of $5 per direct labor hour. 24 Required. 1 Prepare the journal entries to record: a. the requisition of materials during the month b. labor incurred during the month c application of factory overhead to jobs d. cost transferred to finished goods inventory during the month e. the sale of 100 products from Job #100 (ignore the sales entry) 2. Caloulate the balance in the WIP and FOH accounts at month end. 25 2. Sheet1 Sheet2 Sheet3 OType here to search **** %24 %24 E. File Нome Insert Page Layout Formulas Data Review View Calibri 11 -A A 8 Wrap Text Paste BIU EE=EE E Merge & Clipboard Font Alignment A54 E. G. H. K. 23 24 Required. 25 1 Prepare the journal entries to record. 26 a. the requisition of materials during the month b. labor incurred during the month o. application of factory overhead to jobs d. cost transferred to finished goods inventory during the month e. the sale of 100 products from Job #100 (ignore the sales entry] 2. Calculate the balance in the WIP and FOH accounts at month end. 27 28 29 30 31 32 33 34 Job #100 Job #101 35 36 DM DM 37 38 DL DL 39 40 FOH FOH 41 42 43 Job #102 Job #103 44 45 DM DM 46 47 DL DL 48 FOH 50 49 FOH 51 52 53 54 55 Sheet Sheet2 Sheets 868888R
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Layout
Formulas
Data
Review
View
Calibri
11
2Wrap Text
Paste
BIU
EEBE E Merge & C
Clipboard
Font
Alignment
A54
F.
H.
1.
Practice Quiz
Job Order Costing
The information below is for ABC Co.'s first month of operations. The following jobs were begun during
the month
9.
Number of
Direct
Job &
Products
Materials
Labor
Labor Hours
8.
100
140
$ 1,200
$ 1,100
100
10
11.
101
144
$1,500
$1,500
120
12
13
102
80
$ 1,100
900
80
14
15
103
150
800
$ 1,000
100
16
Indirect
500
700
18
Additional Information:
20
1. Jobs #100, #101 and #102 were completed during the month; Job #103 remained unfinished at the EOM.
2. Other factory overhead incurred during the month amounted to $60,
3. Factory overhead is applied to jobs on the basis of a predetermined rate of $5 per direct labor hour.
24 Required.
1 Prepare the journal entries to record:
a. the requisition of materials during the month
b. labor incurred during the month
c application of factory overhead to jobs
d. cost transferred to finished goods inventory during the month
e. the sale of 100 products from Job #100 (ignore the sales entry)
2. Caloulate the balance in the WIP and FOH accounts at month end.
25
2.
Sheet1
Sheet2
Sheet3
OType here to search
****
%24
%24
E.
![File
Нome
Insert Page Layout
Formulas
Data
Review
View
Calibri
11
-A A
8 Wrap Text
Paste
BIU
EE=EE E Merge &
Clipboard
Font
Alignment
A54
E.
G.
H.
K.
23
24 Required.
25 1 Prepare the journal entries to record.
26
a. the requisition of materials during the month
b. labor incurred during the month
o. application of factory overhead to jobs
d. cost transferred to finished goods inventory during the month
e. the sale of 100 products from Job #100 (ignore the sales entry]
2. Calculate the balance in the WIP and FOH accounts at month end.
27
28
29
30
31
32
33
34
Job #100
Job #101
35
36
DM
DM
37
38
DL
DL
39
40
FOH
FOH
41
42
43
Job #102
Job #103
44
45
DM
DM
46
47
DL
DL
48
FOH
50
49
FOH
51
52
53
54
55
Sheet
Sheet2
Sheets
868888R](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F902eaa4c-865c-4816-87ab-1464ce734e7f%2F93572871-1a4a-4899-acfd-c79158c36a5a%2F73o9lvj.jpeg&w=3840&q=75)
Transcribed Image Text:File
Нome
Insert Page Layout
Formulas
Data
Review
View
Calibri
11
-A A
8 Wrap Text
Paste
BIU
EE=EE E Merge &
Clipboard
Font
Alignment
A54
E.
G.
H.
K.
23
24 Required.
25 1 Prepare the journal entries to record.
26
a. the requisition of materials during the month
b. labor incurred during the month
o. application of factory overhead to jobs
d. cost transferred to finished goods inventory during the month
e. the sale of 100 products from Job #100 (ignore the sales entry]
2. Calculate the balance in the WIP and FOH accounts at month end.
27
28
29
30
31
32
33
34
Job #100
Job #101
35
36
DM
DM
37
38
DL
DL
39
40
FOH
FOH
41
42
43
Job #102
Job #103
44
45
DM
DM
46
47
DL
DL
48
FOH
50
49
FOH
51
52
53
54
55
Sheet
Sheet2
Sheets
868888R
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