Sheffield Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production 2. Materials purchased on account $194.300, and factory wages incurred $91,000 Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $36.540 $18,800 A21 45.120 22,700 A22 36,200 15.700 A23 40.470 25,400 General factory use 5.470 8,400 $163,800 $91,000 3. Manufacturing overhead costs incurred on account $54,100. 4. Depreciation on factory equipment $16,450. 5. Manufacturing overhead rate is 87% of direct labor cost. 6. Jobs completed during the quarter: A20, A21, and A23. Record the operations summarized above. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg(45)) Raw Materials Inventory 194300 1. Purchased raw materials 1. Incurred factory labor Manufacturing Costs Factory Labor Manufacturing Overhea
Sheffield Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production 2. Materials purchased on account $194.300, and factory wages incurred $91,000 Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $36.540 $18,800 A21 45.120 22,700 A22 36,200 15.700 A23 40.470 25,400 General factory use 5.470 8,400 $163,800 $91,000 3. Manufacturing overhead costs incurred on account $54,100. 4. Depreciation on factory equipment $16,450. 5. Manufacturing overhead rate is 87% of direct labor cost. 6. Jobs completed during the quarter: A20, A21, and A23. Record the operations summarized above. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg(45)) Raw Materials Inventory 194300 1. Purchased raw materials 1. Incurred factory labor Manufacturing Costs Factory Labor Manufacturing Overhea
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Sheffield Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's
production
2.
Materials purchased on account $194.300, and factory wages incurred $91,000
Materials requisitioned and factory labor used by job:
Job Number
Materials
Factory Labor
A20
$36.540
$18,800
A21
45.120
22,700
A22
36,200
15.700
A23
40.470
25,400
General factory use
5.470
8,400
$163,800
$91,000
3.
Manufacturing overhead costs incurred on account $54,100.
4.
Depreciation on factory equipment $16,450.
5.
Manufacturing overhead rate is 87% of direct labor cost.
6.
Jobs completed during the quarter: A20, A21, and A23.
Record the operations summarized above. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses
eg(45))
Raw Materials Inventory
194300
1. Purchased raw materials
1. Incurred factory labor
Manufacturing Costs
Factory Labor
Manufacturing Overhea
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education