Cycle Gear Corporation has incurred the following costs on job number W456, an order for 20 special
Question:
Cycle Gear Corporation has incurred the following costs on job number W456, an order for 20 special sprockets to be delivered at the end of next month.
Direct materials:
On April 10,
Requisition number 15673 was issued for 20 titanium blanks to be used in the special order. The blanks cost $15.00 each.
On April 11,
Requisition number 15678 was issued for 480 hardened nibs also to be used in the special order. The nibs cost $1.25 each.
Direct labor:
On April 12,
Jamie Unser worked from 11:00AM until 2:45 PM on Job W456. He is paid $9.60 per hour.
On April 18,
Melissa Chan worked from 8:15 AM until 11:30 AM on Job W456. She is paid $12.20 per hour.
Required:
1. On what documents would these costs be recorded?
2. How much cost should have been recorded on each of the documents for Job W456’?
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Step by Step Answer:
Managerial Accounting
ISBN: 9780072834949
11th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer