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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 materials and labor charged directly to the jobs, $1,710 of indirect materials and $20,710 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 Job 303 Factory overhead $17,710 6,800 3,740 $28,250 $25,950 7,500 Job 302 Direct materials Direct labor Factory overhead Total Direct materials Direct labor Job 304 Factory overhead $8,280 3,500 1,925 $13,705 $5,100 1,000 Journalize the summary entry to record each of the following operations for March (one entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. 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. d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank.

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 materials and labor charged directly to the jobs, $1,710 of indirect materials and $20,710 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 Job 303 Factory overhead $17,710 6,800 3,740 $28,250 $25,950 7,500 Job 302 Direct materials Direct labor Factory overhead Total Direct materials Direct labor Job 304 Factory overhead $8,280 3,500 1,925 $13,705 $5,100 1,000 Journalize the summary entry to record each of the following operations for March (one entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. 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. d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank.

FINANCIAL ACCOUNTING
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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on the related cost sheets. SOS US an OT are summ 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 materials and labor charged directly to the jobs, $1,710 of indirect materials and $20,710 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 Job 303 Direct materials Direct labor Factory overhead $17,710 6,800 3,740 $28,250 $25,950 7,500 Job 302 Direct materials Direct labor Factory overhead Total Job 304 Direct materials Direct labor Factory overhead $8,280 3,500 1,925 $13,705 $5,100 1,000 Journalize the summary entry to record each of the following operations for March (one entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. DUQ b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. BE 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. d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank.
Transcribed Image Text:on the related cost sheets. SOS US an OT are summ 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 materials and labor charged directly to the jobs, $1,710 of indirect materials and $20,710 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 Job 303 Direct materials Direct labor Factory overhead $17,710 6,800 3,740 $28,250 $25,950 7,500 Job 302 Direct materials Direct labor Factory overhead Total Job 304 Direct materials Direct labor Factory overhead $8,280 3,500 1,925 $13,705 $5,100 1,000 Journalize the summary entry to record each of the following operations for March (one entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. DUQ b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. BE 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. d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank.
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