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
A21
44,220
22,700
A22
36,700
16,900
A23
41,370
26,500
General factory use
5,170
7,400
$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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