month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $7,400 of indirect materials and $12,000 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 Job 302 Direct materials $9,000 Direct materials $21,100 Direct labor 7,700 Direct labor 16,800 Factory overhead 5,467 Factory overhead 11,928 Total $22,167 Total $49,828 Job 303 Job 304 Direct materials $25,200 Direct materials $14,800. Direct labor 16,100 Direct labor 13,900 Factory overhead Factory overhead
month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $7,400 of indirect materials and $12,000 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 Job 302 Direct materials $9,000 Direct materials $21,100 Direct labor 7,700 Direct labor 16,800 Factory overhead 5,467 Factory overhead 11,928 Total $22,167 Total $49,828 Job 303 Job 304 Direct materials $25,200 Direct materials $14,800. Direct labor 16,100 Direct labor 13,900 Factory overhead Factory overhead
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the
materials and labor charged directly to the jobs, $7,400 of indirect materials and $12,000 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
Job 302
Direct materials $9,000 Direct materials $21,100
Direct labor
7,700 Direct labor
16,800
Factory overhead 5,467 Factory overhead 11,928
Total
$22,167 Total
$49,828
Job 303
Job 304
Direct materials $25,200 Direct materials $14,800.
Direct labor
16,100
Direct labor 13,900
Factory overhead
Factory overhead
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