dt, Accounting Principles, 12 ignment Gradebook ORION Downloadable eTextbook Sel
ID: 2518462 • Letter: D
Question
dt, Accounting Principles, 12 ignment Gradebook ORION Downloadable eTextbook Selec a Study Oeject E20-6. Anabize job cost sheet and prepare entry for completed job A job cost sheet of Sandoval Company is given below Order Costig Order Costing 1O12.3.4 Job Cost Sheet JOB NO.469 ITEM White Lion Cages FOR Iodd Company Date Direct Materials Direct Labor Manufacturing Overhead Quantity 2.500 Date Requested 7/2 Date Completed 7/31 12 900 15 550 475 440 380 27 31 540 675 Cost of completed job Direct materials Diacet laboe Manufacturing overhcad Total cost Unit cost All Rights Reserved. A Division of F9Explanation / Answer
Answer = 1) Source document for direct materials , Direct labour and manufacturing overhead cost assigned to the Job is Job cost sheet prepared by the company answer = 2) Predetermined manufacturing overhead rate = Manufacturing overhead / Direct Labour Predetermined manufacturing overhead rate = $ 550 / $ 440 = Predetermined manufacturing overhead rate = 1.25 or 125% of Direct Labour answer = 3) CALCULATION OF THE TOTAL COST AND COST PER UNITS PARTICULARS AMOUNT AMOUNT Direct Material Direct Material 7/10 $ 700.00 Direct Material 07/12 $ 900.00 Direct Material 07/24 $ 1,600.00 Direct Material 07/27 $ 1,500.00 $ 4,700.00 Direct Labour Direct Labours 07/15 $ 440.00 Direct Labours 07/22 $ 380.00 Direct Labours 07/31 $ 540.00 $ 1,360.00 Manufacturing Overhead Manufacturing Overhead 07/15 $ 550.00 Manufacturing Overhead 07/22 $ 475.00 Manufacturing Overhead 07/31 $ 675.00 $ 1,700.00 Total Cost $ 1,700.00 Divide by Total Units = $ 2,500.00 units Cost Per untis $ 0.68 Per Units
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