Quatro Products Started and Finished Job No

question 71

Essay

Quatro Products started and finished job no. C19 during June. The job required $15,000 of direct material and 75 hours of direct labor at $12 per hour. The predetermined overhead rate is $16 per direct labor hour.
During June, direct materials requisitions for all jobs totaled $149,000; the total direct labor hours and cost were 6,200 hours at $12 per hour; and the total cost of jobs completed was $337,500. All of these figures include data that pertain to job no. C19.
Required:
A. Prepare journal entries that summarize June's total activity.
B. Determine the cost of job no. C19.

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Definitions:

Environmental Circumstances

The conditions or factors that surround and influence the living and non-living elements of an ecosystem or environment.

Instinctive Behavior System

Behaviors that are innate, occurring naturally and automatically in response to specific stimuli.

Constraints

Limitations or restrictions that define the conditions or rules within which operations or processes occur.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often as a result of study, instruction, or experience.