Staircase Equipment Company uses a job order cost system. The


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Staircase Equipment Company uses a job order cost system. The 1 answer below » Staircase Equipment Company uses a job order cost system. The following data summarize the operations related to production for April 2010, the first month of operations: a. Materials purchased on account, $23,400. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $4,500. d. Depreciation of machinery and equipment, $1,560. e. The factory overhead rate is $50 per machine hour. Machine hours used: Job……………………. Machine Hours No. 201…………………….. 18 No. 202…………………….. 30 No. 203…………………….. 24 No. 204…………………….. 75 No. 205…………………….. 33 No. 206…………………….. 20 Total………………… View complete question » Staircase Equipment Company uses a job order cost system. The following data summarize the operations related to production for April 2010, the first month of operations: a. Materials purchased on account, $23,400. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $4,500. d. Depreciation of machinery and equipment, $1,560. e. The factory overhead rate is $50 per machine hour. Machine hours used: Job……………………. Machine Hours No. 201…………………….. 18 No. 202…………………….. 30 No. 203…………………….. 24 No. 204…………………….. 75 No. 205…………………….. 33 No. 206…………………….. 20 Total………………………. 200 f. Jobs completed: 201, 202, 203, and 205. g. Jobs were shipped and customers were billed as follows: Job 201, $6,540; Job 202, $8,820; Job 203, $11,880. Instructions 1. Prepare a schedule summarizing manufacturing costs by job for April. Use the following form: Job……. Direct Materials……… Direct Labor……. Factory Overhead……. Total 2. Prepare a schedule of jobs finished in April. 3. Prepare a schedule of jobs sold in April. What account does this schedule support for the month of April? 4. Prepare a schedule of completed jobs on hand as of April 30, 2010. What account does this schedule support? 5. Prepare a schedule of unfinished jobs as of April 30, 2010. What account does this schedulesupport? View less » Oct 11 2013 07:35 AM

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