90.2K

Verified Solution

Link Copied!

101 102 $3,270 4,410 103 104 $2,910 3,550 2,360 7,970 5,060 3,700 990 105 2,160 8,110 6,100 3,920 4,8140 106 For general factory use c. Factory overhead costs incurred on account, $5,560 d. Depreciation of machinery and equipment, $2,320. e. The factory overhead rate is $70 per machine hour. Machine hours used: Machine Hours Job No. 101 25 102 38 103 29 79 104 105 45 106 18 234 Total f. Jobs completed: 101, 102, 103, and 105. 0. Jobs were shipped and customers were billed as follows: Job 101, $9,520; Job 102, 512,740; Job 105, $19.000 Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry leave it blank. Entries and schedules for Unfinished Jobs and Completed Jobs Hiidreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operation a. Materials purchased on account, $1,970, b. Materials requisitioned and factory labor used: Job Ne 101 102 103 104 Materials $2,910 3,550 2,360 7,970 5,060 3,700 990 Factory Labor $3,270 4,410 2,160 8,110 6,180 3,920 4,840 105 106 For general factory use c. Factory overhead costs incurred on account, $5,560. d. Depreciation of machinery and equipment, $2,320. e. The factory overhead rate is $70 per machine hour. Machine hours used: Job No. Machine Hours 25 101 102 38 29 103 104 79 105 106 45 18 Total 234

Answer & Explanation Solved by verified expert

See Answer