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Business, 07.04.2020 03:14 patience233

Bonita Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter’s production.

1. Materials purchased on account $197,000, and factory wages incurred $90,200.
2. Materials requisitioned and factory labor used by job:

Job Number Materials Factory Labor
A20 $38,240 $19,500
A21 44,120 22,200
A22 37,600 15,100
A23 41,870 25,800
General factory use 4,970 7,600
$166,800 $90,200

3. Manufacturing overhead costs incurred on account $51,000.
4. Depreciation on factory equipment $16,850.
5. Depreciation on the company’s office building was $15,300.
6. Manufacturing overhead rate is 80% of direct labor cost.
7. Jobs completed during the quarter: A20, A21, and A23.
Prepare a schedule showing the individual cost elements and total cost for each job in item 7.

Required:
Prepare entries to record the operations summarized above.

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