Recent Posts • Latest Topics • Unanswered Questions

JamJee Enterprises uses a job costing system. Record the following transactions in JamJee ...

ashly138

wrote...

Go to Answer

Posts: 686

Rep:

7 years ago

JamJee Enterprises uses a job costing system. Record the following transactions in JamJee ...

JamJee Enterprises uses a job costing system. Record the following transactions in JamJee Enterprise's general journal for the current month:

a.   Purchased raw materials on account, $49,000.
b.   Requisitioned $25,200 of direct materials and $3,400 of indirect materials for use in production.
c.   Factory payroll incurred, $54,000; 70% direct labour, 30% indirect labour.
d.   Recorded depreciation expense factory equipment $9,200, and other manufacturing overhead of $26,870 (credit accounts payable).
e.   Allocated manufacturing overhead costs based on 120% of direct labour cost.
f.   Cost of completed production for the current month, $95,800.
g.   Cost of finished goods sold, $79,000; selling price, $115,000 (all sales on account).

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

Read 116 times

1 Reply

Report

Love this site! Slight Smile

Replies

Answer verified by a subject expert

Munihasen

wrote...

Related Topics

ashly138 Author

wrote...

7 years ago

Thanks

Mcb

wrote...

Yesterday

Helped a lot

nsak

wrote...

2 hours ago

This calls for a celebration Person Raising Both Hands in Celebration

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1692 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

166

292

1485

Your Opinion

Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.