Please help me fill out the empty boxes accordingly. A job cost sheet of Sandova

Question

Please help me fill out the empty boxes accordingly.

A job cost sheet of Sandoval Company is given below.

Job Cost Sheet

Date

Direct
Materials

Direct
Labor

Manufacturing
Overhead

Answer the following questions.

(1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job?

(2) What is the predetermined manufacturing overhead rate? (Round answer to 0 decimal place, e.g 135.)

(3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, e.g. 1.25.)

eTextbook and Media

List of Accounts

Prepare the entry to record the completion of the job. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Job Cost Sheet

JOB NO. 469 Quantity 2,390 ITEM White Lion Cages Date Requested 7/2 FOR Todd Company Date Completed 7/31

Date

Direct
Materials

Direct
Labor

Manufacturing
Overhead

7/10 708 12 907 15 558 692 22 342   424 24 1,620 27 1,530 31 670 831 Ch15 HW Part 2 Ci Seoure! https://cypresscoleçe.instructure.com/courses,'673,'as A job cost sheet of Sandoval Company is pven below. JOB NO ITEM FOR Quantity Uate Requested Dale Cumplele 469 2.390 Dircct Direct Date 12 15 692 312 424 74 1,530 670 831 Cost of complcted job: Direct materials Dirnct laba Manufacturing overhead Tatal cas Unil Lusl Arewer Lhe fullowinng queslins (1) What are the source docurnents fordirect materials, direct labor, and manufacturing overhcad costs assignod to thisjob? Direct mater ials Materiels requisition slips' Direst labor Manufacturing overhead lype here to search

Explanation / Answer

(1)

Source Documents

Direct materials

Materials requisition slips

Direct labor

Time tickets

Manufacturing overhead

Predetermined overhead rate

(2) Predetermined manufacturing overhead rate:-

Predetermined manufacturing overhead rate

124%

Total Overhead cost / Total Labour cost

(692 + 424 + 831) / (558 + 342 + 670)

1947/1570 = 124%

(3) Total cost and the unit cost of the completed job:-

Total cost of the completed job

$9282

Unit cost of the completed job

$3.88

Total cost of the completed job = 708 + 907 + 1620 + 1530 + 558 + 342 + 670 + 692 + 424 + 831 = $9282

Unit cost of the completed job = $9282/2390 units = $3.88

Prepare the entry to record the completion of the job:-

Date

Account Titles and Explanation

Debit

Credit

July 31

Finished Goods Inventory

9282

Work in Process Inventory

9282

Source Documents

Direct materials

Materials requisition slips

Direct labor

Time tickets

Manufacturing overhead

Predetermined overhead rate

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