Quiz 14 - incurred on account. Depreciation of factory...

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Question 1 0 out of 0 points The following selected data were taken from the books of the Bixby Box Company. The company uses job costing to account for manufacturing costs. The data relate to June operations. A) Materials and supplies were requisitioned from the stores clerk as follows: Job 405, material X, $7,000. Job 406, material X, $3,000; material Y, $6,000. Job 407, material X, $7,000; material Y, $3,200. For general factory use: materials A, B, and C, $2,300. B) Time tickets for the month were chargeable as follows: Job 405 $11,000 Job 406 $14,000 Job 407 $8,000 Indirect labor $3,700 C) Other information: Factory paychecks for $36,700 were issued during the month. Various factory overhead charges of $19,400 were
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Unformatted text preview: incurred on account. Depreciation of factory equipment for the month was $5,400. Factory overhead was applied to jobs at the rate of $3.50 per direct labor hour. Job orders completed during the month: Job 405 and Job 406. Selling and administrative costs were $2,100. Factory overhead is closed out only at the end of the year. If Job 406 was sold on account for $41,500 how much gross profit would be recognized for the job? Answer Selected Answer: $5,900 Correct Answer: $5,900 Response Feedback: Question 2 0 out of 0 points Reference the data in #1, the end of the month Work-in-Process Inventory balance would be: Answer Selected Answer: $24,850. Correct Answer: $24,850. Response Feedback:...
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This note was uploaded on 11/11/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.

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Quiz 14 - incurred on account. Depreciation of factory...

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