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Sandhill Printing Corp. uses a job order cost system. The following data summarize the operations related...

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Accounting

Sandhill Printing Corp. uses a job order cost system. Thefollowing data summarize the operations related to the firstquarter’s production.
1.Materials purchased on account $194,300, and factory wagesincurred $93,000.
2.Materials requisitioned and factory labor used by job:

Job Number

Materials

Factory Labor

A20$37,140$19,500
A2144,22022,700
A2236,70016,900
A2341,37026,500
General factory use5,1707,400
$164,600$93,000
3.Manufacturing overhead costs incurred on account $50,400.
4.Depreciation on factory equipment $16,650.
5.Depreciation on the company’s office building was $15,100.
6.Manufacturing overhead rate is 84% of direct labor cost.
7.Jobs completed during the quarter: A20, A21, and A23.

Prepare a schedule showing the individual cost elements and totalcost for each job in item 7.


Job

Direct
Materials

Direct
Labor

Manufacturing
Overhead


Total

A20$$$$
A21
A23
$

Prepare entries to record the operations summarized above.(Credit account titles are automatically indented whenamount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit

(1)

(To record materials purchases)

(To record factory wages)

(2)

(To record materials put into production)

(To record labor put into production)

(3)

(4)

(5)

(6)

(7)

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