e5 - 1. For each item below indicate the source documents...

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1. For each item below indicate the source documents that would most likely authorize the journal entry in a job-costing system. Required: a. direct materials purchased b. direct materials used c. direct manufacturing labor d. indirect manufacturing labor e. finished goods control f. cost of goods sold Answer: a. purchase invoice b. materials requisition record c. labor time card/record d. labor time card e. job-cost record f. sales invoice 2. Jordan Company has two departments, X and Y. Overhead is applied based on direct labor cost in Department X and machine-hours in Department Y. The following additional information is available: Budgeted Amounts Department X Department Y Direct labor cost $180,000 $165,000 Factory overhead $225,000 $180,000 Machine-hours 51,000 mh 40,000 mh Actual data for Job #10 Department X Department Y Direct materials requisitioned $10,000 $16,000 Direct labor cost $11,000 $14,000 Machine-hours 5,000 mh 3,000 mh Required : a. Compute the budgeted factory overhead rate for Department X. b.
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e5 - 1. For each item below indicate the source documents...

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