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guajiro [1.7K]
3 years ago
5

In January, Dieker Company requisitions raw materials for production as follows: Job 1 $970, Job 2 $1,520, Job 3 $810, and gener

al factory use $660. During January, time tickets show that the factory labor of $7,600 was used as follows: Job 1 $2,390, Job 2 $1,730, Job 3 $1,560, and general factory use $1,920.
Prepare the job cost sheets for each of the three jobs.
Business
1 answer:
USPshnik [31]3 years ago
7 0

Answer:

Dieker Company

<u>Job Cost Sheet of </u>

                        Job1                             Job2                                   Job3

Materials        $970                            $ 1520                                 $ 810

Factory Labor  $2390                      $ 1730                                  $1560

General Factory

Indirect material  $ 660                     $ 660                                 $ 660

<u>Indirect labor      $ 1920                     $ 1920                                $ 1920</u>

<u>Total                   $ 5940                      $5830                             $  4950</u>

Cost of Job 1

Materials          $ 970

Factory Labor $ 2390

G. Factory        <u>  $ 2580</u>

Total                 $ 5940

Cost of Job 2

Materials          $ 1520

Factory Labor $ 1730

G. Factory        <u>  $ 2580</u>

Total                 $ 5830

Cost of Job 3

Materials          $ 810

Factory Labor $ 1560

G. Factory        <u>  $ 2580</u>

Total                 $ 4950

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B) lockout

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On January 1, 2001, El Salvador "dollarized" its economy. The U.S. dollar circulated throughout the country along with the Salva
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Read 2 more answers
Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns a
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Answer:

Cost of goods Sold = $384,000

Gross Profit = $259,000

Explanation:

Cost of goods sold = Opening Inventory + Net Purchase - Closing Inventory

Opening Inventory = $58,100  Closing Inventory = $92,600

Net Purchases = Purchase - Purchase Return - Discounts + Freight in

Freight in forms part of cost of purchase because without this expense inventory cannot be bought in.

Net Purchases = $420,800 - $11,900 - $8,100 + $17,700 = $418,500

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Gross Profit = Sales - Cost of Goods Sold

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