Question

SIGNMENT RESOURCES Ch 15 HW CALCULATOR Exercise 15-08 (Video) Bramble Printing Corp. uses a job order cost system. The following data sume the operations related to the first quarter's production 1. Materials purchased on account 5194.300, and factory wages med 91.400 2. Materials requisitioned and factory labor used by Job (Video) Job Number Lxercise 15-02 Video) Review Score Review Results by Study Objective A20 A21 A22 A23 General factory use Materials $36,240 45,220 37,600 40,370 4,670 $164,600 Factory Labor $16,100 22.500 16,200 26.200 8,400 591.400 3. Manufacturing overhead costs incurred on account $51,900 4. Depreciation on factory equipment $17,350 5. Depreciation on the company's office building was 5:4,400 6. Manufacturing overhead rate is 1976 of direct labor cost 7. Jobs completed during the quarter: A20, A21, and A23. Prepare a schedule showing the individual cost elements and total cost for each job in tam 7. Direct Direct Manufacturing Job Materials Labor Overhead Total A20 S

Answer 1

Job Direct Materials Total A20 Direct Manufacturing Labor overheads $18,100 $16,109 $22,500 $20,025 $26,200 $23,318) $36,740 $45,220 $40,370 A21 A23 $70,949 $87,745 $89,888 $248,582 Journal Entries for the period Credit Debit $194,800 $194,800 $91,400 $91,400 Account Titles and Explanations 1) Material Inventory Accounts payable (To record material purchase) Wages Expense Cash (To record factory wages) 2) Work in process Manufacturing overheads Material Inventory (To record material put into production) Work in process Manufacturing overheads Wages expense (To record labor put into production) 3) Manufacturing overhead Accounts payable $159,930 $4,670 $164,600 $83,000 $8,400 $91,400 $51,900 $51,900 $17,350 4) Manufacturing overhead Accumulated Depreciation - Factory equipment $17,350 $14,400 5) Depreciation expense Accumulated Depreciation - Office buildings $14,400 $73,870 6) Work in process Manufacturing overhead 89% of $83,000 $73,870 $248,5821 7) Finished Goods Work in process $248,582