A job cost sheet of Sandoval Company is given below. Job Cost Sheet JOB NO. 469 Quantity
Question:
A job cost sheet of Sandoval Company is given below.
Job Cost Sheet JOB NO. 469 Quantity 2,500 ITEM White Lion Cages Date Requested 7/2 FOR Todd Company Date Completed 7/31 Direct Direct Manufacturing Date Materials Labor Overhead 7/10 700 12 900 15 440 550 22 380 475 24 1,600 27 1,500 31 540 675 Cost of completed job:
Direct materials Direct labor Manufacturing overhead Total cost Unit cost.
Instructions
(a) Answer the following questions.
(1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job?
(2) What is the predetermined manufacturing overhead rate?
(3) What are the total cost and the unit cost of the completed job? (Round unit cost to nearest cent.)
(b) Prepare the entry to record the completion of the job.AppendixLO1
Step by Step Answer:
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso