Benton Printing Corp. uses a job order cost system. The following data - 10370

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Request Description

 

Benton Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production.

 

  1. Materials purchased on account $193,131, and factory wages incurred $89,250.
  2. Materials requisitioned and factory labor used by job:

 

 

Job Number

Materials

Factory  Labor

 

A20

$ 34,199

$18,550

 

A21

   41,489

  22,060

 

A22

   36,417

  15,680

 

A23

   39,153

  25,370

 

General factory use

     4,068

    7,590

 

 

$155,326

$89,250

 

  1.                 
  2. Manufacturing overhead costs incurred on account $38,412.
  3. Depreciation on machinery and equipment $13,169.
  4. Manufacturing overhead rate is 80% of direct labor cost.
  5. Jobs completed during the quarter: A20, A21, and A23.

 

Instructions

 

Prepare entries to record the operations summarized above. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

 

 

 

Complete the schedule showing the individual cost elements and total cost for each job in item 6.

 

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