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Prepare journal entries to record incurrence of production

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Reference no: EM132983116

Comfy Backpacks started and finished job number TK474, a batch of 300 backpacks, during July. The job required $7 890 of direct material and 100 hours of labour at $30 per hour. The predetermined overhead rate is $15.00 per direct labour hour.

Problem a) Prepare the journal entries to record the incurrence of production costs and the completion of job TK474.

Problem b) Calculate the cost per backpack for job number TK474.

Reference no: EM132983116

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