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ID: 2343075 • Letter: P

Question

Page Layou PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing A1 Problem 16(2)-3A A B C DE F G H 13 1. and 2. 15 14 JOB ORDER COST SHEET Customer Jackson Consulti Address 220 Apple Lane October 1 Date Date Wanted October 10 Date Completed October 10 Cupertino, CA carpet and installation Job No. 563 20 ESTIMATE Direct Materials Direct Labor Summa Amount Amount Amount 24 25 Direct materials Direct labor Factory overhead meters at hours at Total Total Total ACTUAL Direct Materials Direct Labor Summa Mat. Req. No. Desc Ticket No. H10 Amount Amount Item Amount 112 hours Direct materials Direct labor Factory overhead meters at at 114 H11 hours at meters Total Total Total 10 Comments: Key essay answer here]

Explanation / Answer

Job order cost sheet

Customer

Jackson Consulting

Date

October 1

Address

220 Apple lane

Date wanted

October 10

Cupertino, CA

Date completed

October 10

Item

Carpet and installation

Job no.

563

Estimate

Direct Materials

Direct labor

Summary

Amount

Amount

Amount

200 meters at $35

7000

16 hours at $20

320

Direct Materials

7000

Direct labor

320

Factory overhead

240

Total

7000

Total

320

Total

7560

Actual

Direct Materials

Direct labor

Summary

Mat.Req.No

Description

Amount

Ticket No.

Description

Amount

Amount

112

140 meters

H10

10 hours

Direct Materials

7280

At $35

4900

At $20

200

Direct labor

400

114

68 meters

H11

10 hours

Factory overhead (400*75%)

300

At $35

2380

At $20

200

Total

7280

Total

400

Total

7980

Comments:

Material variance =7280-7000 =280 Unfavorable. (Reason for variance: additional material used for job was spoiled.)

Labor variance =400-300 = 60 Unfavorable. (Reason for variance: inexperienced worker performed this work.)

Job order cost sheet

Customer

Jackson Consulting

Date

October 1

Address

220 Apple lane

Date wanted

October 10

Cupertino, CA

Date completed

October 10

Item

Carpet and installation

Job no.

563

Estimate

Direct Materials

Direct labor

Summary

Amount

Amount

Amount

200 meters at $35

7000

16 hours at $20

320

Direct Materials

7000

Direct labor

320

Factory overhead

240

Total

7000

Total

320

Total

7560

Actual

Direct Materials

Direct labor

Summary

Mat.Req.No

Description

Amount

Ticket No.

Description

Amount

Amount

112

140 meters

H10

10 hours

Direct Materials

7280

At $35

4900

At $20

200

Direct labor

400

114

68 meters

H11

10 hours

Factory overhead (400*75%)

300

At $35

2380

At $20

200

Total

7280

Total

400

Total

7980

Comments:

Material variance =7280-7000 =280 Unfavorable. (Reason for variance: additional material used for job was spoiled.)

Labor variance =400-300 = 60 Unfavorable. (Reason for variance: inexperienced worker performed this work.)