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ACC 561 Accounting Systems to Determine Product Costs

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Acc 561 Week 3 Exercises
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Top of Form | |
| Question 1 |
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In January, Reyes Tool & Dye requisitions raw materials for production
as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and general factory
use $600. During January, time tickets show that the factory labor of
$5,000 was used as follows: Job 1 $1,200, Job 2 $1,600 Job 3 $1,400,
and general factory use $800. Prepare the job cost sheets for each of
the three jobs. (If answer is zero, please enter 0, do not leave any fields
blank.) | Job 1 |
| Date | Direct Materials | Direct Labor |
| 1/31 | | |
| 1/31 | | |
| Job 2 |
| Date | Direct Materials | Direct Labor |
| 1/31 | | |
| 1/31 | | |
| Job 3 |
| Date | Direct Materials | Direct Labor |
| 1/31 | | |
| 1/31 | | |
|
|
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