Best instrument Company lob Cost Sheet o-Feb- Customer Sombor\'s Music Shop Job

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Best instrument Company lob Cost Sheet o-Feb- Customer Sombor's Music Shop Job no 024 Date ordered Date started Date requeted Factory Overhead Applied Direct Material Tame ticket Transferred/shipped: WAREHOUSE'S CUSTOMER This pert to be 70A MONIVON BLV PHNOM PENH Seling price Manufacturing cost Direct Materials Dirct labor Factory overhead Gross profit seting and administrative cost (10% of selling price) Estimated profe The Best Instrument C t Instrument Company has delivered six piasos to Sombor's Music Shop on 0 Sepiember 20I0 The price paid for the each piano has been $7,700 1. Complete the job cost sheet for job 024 costs incurred and the completion and delivery of six pianos. Activity 2-05 Glasgow Electric Company produces tree types of circuit boards; call them L, M, and N The cost accounting system used by Glasgow until 2000 applied all costs except direct materials to the products using direct-labor hours as the only cost driver In 2000, the company undertook a cost study determined that there were six main factors causing costs to be incurrent. A new system was designed with a eparate cost pool for each of the six factors The factors and the cost associated with each are as follows I/-Direct-labor hours- direct-labor cost and related fringe benefits and payroll taxes 2/-Machine hours - depreciation and repairs and maintenance cost 3/-Pounds of materials- materials receiving, handling and storage cost 4/-Number of production setups- labor used to change machinery and computer configurations for a new production batch 51-Number of production orders. cost of production scheduling and orders processing 6/-Number of orders shipped- all packaging and shipping expenses The company is now preparing a budget for 2002. The budget includes the following prediction: Board L Board M Board N 800 5,000 Units to be produced Direct-material cos Direct-labor hours Machine hours Pounds of materials Number of production setups 10,00000 ,000 566/unit $88/unit $45/nit 4unit 18/unit9/unit 7/unit 1S/umit 7/unit unit4unit 2/unit 50 100 50 3 Prepared by THIM Socheat

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Direct materials Direct labor Factory overhead applied 200% of direct labor cost Date Requisition number Amount ($) Date Time ticket Numbers Amount ($) Date Amount ($) Calculation 16-Apr 275 2,600 16-Apr - 9-May 126 4,700 16-Apr - 9-May 9,400 (200% on $4,700) 10-May 306 1,575 9-May - 11-Jun 145 2,800 9-May - 11-Jun 5,600 (200% on $2,800) 12-Jun 422 930 12-Jun - 30-Aug 207 1,800 12-Jun - 30-Aug 3,600 (200% on $1,800) Total ($2,600 + $1,575 + $930) 5,105 ($4,700 + $2,800 + $1,800) 9,300 18,600

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