Durham Company uses a job-costing system. The following transaction took place last year: Raw materials requisitioned for use in production, $40,000…
Durham Company uses a job-costing system. The following transaction took place last year:a. Raw materials requisitioned for use in production, $40,000 (80% direct and 20% indirect).b. Factory utilities cost incurred, $14,600.c. Depreciation recorded on plant equipment, $28,000. Three -fourths of the depreciation relates to factory equipment, and the remainder relates to selling and administrative equipment.Costs for salaries and wages were incurred as follows:Direct Labor…………………. $40,000Indirect […]
