Job Order Cost Sheet. Wadsworth Machine Works collects its cost data by job order cost accumulation. For

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Job Order Cost Sheet. Wadsworth Machine Works collects its cost data by job order cost accumulation. For Job 909, the following data are available: LO1 Direct Materials Direct Labor 9/14 Issued, $600 Week of Sept. 20, 90 hrs. @ $6.20/hr.

9/20 Issued, 331 Week of Sept. 26, 70 hrs. @ $7.30/hr.

9/22 Issued, 200 Factory overhead is applied at the rate of $80 per machine hour. Ten machine hours were used on Job 909 on September 20.

Required:

(1) Enter the appropriate information on a job order cost sheet.

(2) Determine the sales price of the job, assuming that it was contracted with a markup of 50% of cost.

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Related Book For  book-img-for-question

Cost Accounting

ISBN: 9780538828079

11th Edition

Authors: Lawrence H. Hammer, William K. Carter, Milton F. Usry

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