On July 1, Esquire Tables, Inc., began work on Job No. 309. The order is for 45 No. ET42 game tables for stock; date wanted is July 10.

Instructions:

1. Open a cost sheet and record the transactions.

2. Complete the cost sheet, recording factory overhead at the applied rate of 75% of direct labor costs.

Transcribed Image Text:

Transactions: July 1. Direct material, $641.25. Materials Requisition No. 432. 1. Direct labor, $465.00. Daily summary of job-time records. 2. Direct materials, $345.00. Materials Requisition No. 438. 2. Direct labor, $364.50. Daily summary of job-time records. 3. Direct labor, $301.50. Daily summary of job-time records. 5. Direct materials, $261.00. Materials Requisition No. 447. 5. Direct labor, $285.00. Daily summary of job-time records. 8. Direct labor, $201.00. Daily summary of job-time records.