Shawn Toy Company incurred the following costs to produce job number TB78, which consisted of 1,000 teddy
Question:
Direct material:
8/11/x0 Requisition number 201: 500 yards of fabric at $.90 per yard
8/12/x0 Requisition number 208: 600 cubic feet of stuffing at $.40 per cubic foot
Direct labor:
8/15/x0 Time card number 82: 550 hours at $14 per hour
Manufacturing overhead:
Applied on the basis of direct-labor hours at $3.00 per hour.
Job number TB78 was finished on August 20. On August 30, 800 of the bears were shipped to a local toy store.
Required:
Prepare a job-cost record using the information given above.
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Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
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