Eastern Townships University uses job cost records for various research projects. A major reason for such records is to justify requests for reimbursement of costs on projects sponsored by the federal government.

Consider the following summarized data regarding a cancer research project in the Medical School:

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

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.