The following is a note from CV Makmur: CV Makmur received 215 orders from one customer. The order has order number P834. The following are transactions that occurred at the company. 1. Purchase of materials on credit in the amount of IDR 73,000,000.00 2. Use of direct materials worth IDR 50,000,000.00 3. Employ 25 workers at a cost of IDR 7,500.00 per hour which takes 15 days with 8 hours a day. VAT rate of 5%. 4. Imposition of factory overhead costs of IDR 45,000,000.00. 5. The order is submitted to the buyer with a sales invoice for 180% of the total cost on credit with an invoice of 2/10, n/30. 6. The customer pays within 10 days after delivery. Question: make a transaction journal for calculating costs based on job order costing.

The following is a note from CV Makmur: CV Makmur received 215 orders from one customer. The order has order number P834. The following are transactions that occurred at the company. 1. Purchase of materials on credit in the amount of IDR 73,000,000.00 2. Use of direct materials worth IDR 50,000,000.00 3. Employ 25 workers at a cost of IDR 7,500.00 per hour which takes 15 days with 8 hours a day. VAT rate of 5%. 4. Imposition of factory overhead costs of IDR 45,000,000.00. 5. The order is submitted to the buyer with a sales invoice for 180% of the total cost on credit with an invoice of 2/10, n/30. 6. The customer pays within 10 days after delivery. Question: make a transaction journal for calculating costs based on job order costing.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter17: Activity Resource Usage Model And Tactical Decision Making

Section: Chapter Questions

Problem 6E: Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of...

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