East University uses job-cost records for various research projects. A major reason for such records is to justify requests for reimbursement for costs on projects sponsored by the federal government.
Consider the following summarized data regarding Project No. 76 conducted by a group of physicists:

Research associates receive $32 per hour; assistants, $19. The overhead rate is 70 percent of direct labour cost.
Sketch a job-cost record. Post all the data to the project-cost record.
Compute the total cost of the project through January 12.

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Jan. 5 Jan. 7 Jan. 5-12 Jan. 7-12 Direct materials, various metals, $925 Direct materials, various chemicals, $780 Direct labour, research associates, 120 hours Direct labour, research assistants, 180 hours