Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:a. Materials purchased on account, $770,000b. Materials requisitioned, $680,000, of which $75,800 was for general factory usec. Factory labor used, $756,000, of which $182,000 was indirectd. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600e. Prepaid expenses expired for factory overhead, $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900g. Factory overhead costs applied to jobs, $568,500h. Jobs completed, $1,500,000i. Cost of goods sold, $1,375,000InstructionJournalize the entries to record the summarized operations.

3. Asters Co. uses a job order cost system. The following data summarizes the operations related to production for March. Journalize the entries to record the summarized operations. a. Materials purchased on account for $660,000 b. Materials requisitioned, $577,500 of which $73,500 was for general factory use c. Factory labor used, $681,500, of which $95,000 was indirect labor d. Other costs incurred on account were for factory, $154,320; selling expenses, $244,440; and administrative expenses, $152,250 e. Prepaid expenses expired for factory overhead were $30,450; for selling expenses, $25,830; and for administrative expenses, $18,690 f. Depreciation of office building was $88,200; of office equipment, $45,150; and of factory equipment, $30,450 g. Factory overhead costs applied to jobs, $375,500 h. Jobs completed, $871,800 i. Cost of goods sold, $860,000. Selling price of $925,000.

The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $189,000 ($151,200 direct materials and $37,800 indirect materials). c. Accrued direct labor cost of $50,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $131,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 76,100 machine-hours were used in October. g. Jobs costing $512,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $450,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 28% above cost Required: 1. Prepare journal entries to record the transactions given…

Alberta Capital Company uses a job-order costing system. The following data relate to January, the first month of the company's fiscal year a. Raw materials were purchased on account, $404,000 b. Raw materials were issued to production, $294,000 ($232.000 direct materials and $62,000 indirect materials) c. Direct labour cost was incurred $124,000, indirect labour cost was incurred. $90.000 d. Depreciation was recorded on factory equipment. $90,000 e. Other manufacturing overheed costs were incurred during January $180,000 (credit accounts payable) t. The company applies manufacturing overhead cost to production on the basis of $14 60 per machine-hour There were 32.000 machine-hours recorded for January 9 Production orders costing $786,000 according to their job cost sheets were completed during January and transferred to finished goods. h. Production orders that had cost $720,000 10 complete according to their job cost sheets were shipped to customers during the month. These goods were…

A Company uses a job order costing system and allocates its manufacturing overhead costs based on direct labor costs. The Company's production costs for the year were: direct labor, $75,000; direct materials, $40,0003; and factory overhead applied $60,000. The predetermined overhead rate was: O a. 1.25%. O b. 53.3%. O c. 150%. O d. 80%. 125.%. IOUS PAGE NEXT PAGE hp

Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations:   a. Materials purchased on account, $28,790.   b. Materials requisitioned and factory labor used:   Job Materials Factory Labor 301 $2,880 $2,910 302 3,690 3,860 303 2,300 1,780 304 7,820 6,990 305 5,310 5,050 306 3,700 3,280 For general factory use 1,070 4,180     c. Factory overhead costs incurred on account, $5,600.   d. Depreciation of machinery and equipment, $1,970.   e. The factory overhead rate is $53 per machine hour. Machine hours used:   Job Machine Hours 301 25 302 34 303 30 304 71 305 42 306 26 Total 228     f. Jobs completed: 301, 302, 303 and 305.   g. Jobs were shipped and customers were billed as follows: Job 301, $8,270; Job 302, $11,720; Job 303, $15,730.     Required: 1. Journalize the entries to record the summarized…

Barnes Company uses a job order cost system. The following data summarize the operations related to production for October: October 1 Materials purchased on account, $663,320.   2 Materials requisitioned, $618,780, of which $71,310 was for general factory use.   31 Factory labor used, $640,350, of which $88,200 was indirect.   31 Other costs incurred on account for factory overhead, $140,430; selling expenses, $245,050; and administrative expenses, $145,440.   31 Prepaid expenses expired for factory overhead were $30,100; for selling expenses, $27,880; and for administrative expenses, $18,590.   31 Depreciation of office building was $86,490; of office equipment, $45,350; and of factory equipment, $30,880.   31 Factory overhead costs applied to jobs, $365,760.   31 Jobs completed, $1,017,410.   31 Cost of goods sold, $911,220.     Required:           CHART OF ACCOUNTS     Barnes Co.     General Ledger       ASSETS 110 Cash 121…