Anderson Enterprises Uses a Job Costing System

question 20

Essay

Anderson Enterprises uses a job costing system. Record the following transactions in Paulson Enterprises's general journal for the current month:
a)Purchased raw materials on account, $82,000.
b)Requisitioned $41,300 of direct materials and $9,000 of indirect materials for use in production.
c)Factory payroll incurred, $110,000; 75% direct labor, 25% indirect labor.
d)Recorded depreciation expense factory equipment $15,000, and other manufacturing overhead of $56,200 (credit accounts payable).
e)Allocated manufacturing overhead costs based on 125% of direct labor cost.
f)Cost of completed production for the current month, $133,000.
g)Cost of finished goods sold, $112,000; selling price, $162,000 (all sales on account).

---

Definitions:

Personality Tests

Questionnaires designed to reveal aspects of an individual’s character or temperament.

Honesty Tests

Psychological assessments used by employers to estimate a candidate's likelihood of engaging in dishonest or unethical behaviors.

Application Forms

Documents that job applicants are required to fill out when applying for a position, typically including personal, educational, and professional information.

Polygraph Testing

The use of a lie detector test to evaluate the truthfulness of a person, often controversial and used in specific contexts like security screening.