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The following selected data were taken from the books of the Owens O-Rings Company.The company uses job costing to account for manufacturing costs.The data relate to April operations.A) Materials and supplies were requisitioned from the stores clerk as follows: Job 405,material X,$7,000.Job 406,material X,$3,000;material Y,$6,000.Job 407,material X,$7,000;material Y,$3,200.For general factory use: materials A,B,and C,$2,300.B) Time tickets for the month were chargeable as follows:
C. Other information:
Factory paychecks for $36,700 were issued during the month.Various factory overhead charges of $19,400 were incurred on account.Depreciation of factory equipment for the month was $5,400.Factory overhead was applied to jobs at the rate of $3.50 per direct labor hour.Job orders completed during the month: Job 405 and Job 406.Selling and administrative costs were $2,100.Factory overhead is closed out only at the end of the year.If Job 406 was sold on account for $41,500,how much gross profit would be recognized for the job?
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A political system in which the state holds total authority over society and seeks to control all aspects of public and private life.
State-controlled Security
Security and protection services provided and regulated by the government to ensure public safety and national defense.
Legitimate Force
The rightful or justifiable use of power or strength, often by a governing body or law enforcement, to maintain order or enforce laws.
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