Factory overhead applied to all four jobs

Reference no: EM13682186

Munich printing inc. began printing operations on August 1. Jobs 10and 11 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 12 and 13 are still in procwss at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $170 of indirect materials and $2,070 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows:

Job 10
Direct materials $1,770
Direct Labor 700
Factory Overhead 385
Total 2,855

Job 11

Direct Materials $830
Direct Labor 400
Factory Overhead 220
Total 1,450

Job 12

Direct Materials $2,330
Direct Labor 800
Factory Overhead 440
Total 3,570

Job 13

Direct Material $510
Direct Labor 100
Factory Overhead 55
Total 665

Journalize the entry to record the following operation:

Factory Overhead applied to all four jobs (a single overhead rate is used based on direct labor costs)

Reference no: EM13682186

Questions Cloud

Inventories are important accounts for auditors to review : Inventories are important accounts for auditors to review. A company with a $100 million inventory, accounted for under the LIFO method, with international purchases and sales, is your client. You are in charge of the audit. Identify issues tha..

Typical winter electric bill-kilowatt-hours of energy : A typical winter electric bill might be for 2000 kilowatt-hours of energy each month (say 30 days). If you had an electric heating system that required 10 kilowatts (10 kW) to keep your house warm, how many hours per day on average would it have been..

The order affect the bottom line of the company : How would accepting the order affect the bottom line of the company?

How a metal boat that is denser than water can float : A 40 kg kid wants to utilize a large plastic tub as a boat in a swimming pool. The tub has dimensions 0.75 m long by 0.5 m wide by 0.6 m high. a) Will this work? b) Where will the water line be? c) State any assumptions you might need to make d) Desc..

Factory overhead applied to all four jobs : Factory Overhead applied to all four jobs

National equipment transfer corporation : National Equipment Transfer Corporation

A person was dropped off a bridge : A person was dropped off a bridge. The person weighs 588N and lands with a speed of 22 m/s. How high are the bridge and how much kinetic energy does the person produce before hitting the ground?

Compute the revenue to be recognized in fiscal year : (b) Compute the revenue to be recognized in fiscal year 2014 for each of the three operating divisions of Van Hatten in accordance with generally accepted accounting principles.

Magnitude of the acceleration due to gravity on the planet : A bicyclist moves 400 ft north in 80 s, and then moves 300 ft east in 70 s. The magnitude of the average velocity of the bicyclist is most nearly? A rock is dropped from rest on a planet with no air resistance. It falls freely for 3.0 m in the first ..

User Account

All Pages