Prepare a schedule showing the individual cost elements and total cost for each job in item 7.
Prepare a schedule showing the individual cost elements and total cost for each job in item 7.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Enos Printing Corp, uses a job order cost system. The following data summarize the operations related to the frst quarter's
production.
1.
Materials purchased on account $196,500, and factory wages incurred $92.80.
2.
Materials requisitioned and factory labor used by job:
Job Number
Materials
Factory Labor
A20
$36,440
$19,100
A21
44,920
22.800
A22
37,100
15,500
A23
40,970
27,100
General factory use
5,470
8,300
$164,900
$92,800
3.
Manufacturing overhead costs incurred on account $51,800.
4.
Depreciation on factory equipment $16,150.
5.
Depreciation on the company's office building was $15,000.
6.
Manufacturing overhead rate is 87% of direct labor cost.
Jobs completed during the quarter. A20. A21, and A23.
7.
Prepare a schedule showing the individual cost elements and total cost for each job in item 7.
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