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Problem Qu. 3-100 Caldon Products started and finished job... Caldon Products started and finished job...

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Accounting

Problem Qu. 3-100 Caldon Products started and finished job...

Caldon Products started and finished job no. C19 during June. The job required $21,500 of direct material and 85 hours of direct labor at $11 per hour. The predetermined overhead rate is $18 per direct labor hour.

During June, direct materials requisitions for all jobs totaled $167,000; the total direct labor hours and cost were 5,600 hours at $11 per hour; and the total cost of jobs completed was $346,500. All of these figures include data that pertain to job no. C19.

Required:

  1. Prepare journal entries that summarize June's total activity.

  2. Determine the cost of job no. C19.

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