Anime Toy Company incurred the following costs in April to produce job number TB78, which consisted of
Question:
Anime Toy Company incurred the following costs in April to produce job number TB78, which consisted of 1,000 stuffed Pokémon Pikachu toys. Direct Material:
4/1/20x0 Requisition number 101: 400 yards of yellow fabric at $.80 per yard
4/5/20x0 Requisition number 108: 500 cubic feet of stuffing at $.30 per cubic foot
Direct Labor:
From employee time cards for 4/1/20x0 through 4/8/20x0: 500 hours at $12 per hour
Manufacturing Overhead:
Applied on the basis of direct-labor hours at $2.00 per hour.
Job number TB78 was completed on April 15. On the last day of April, 700 of the stuffed toys were shipped to an online sales distributor.
Required:
Prepare a job-cost record using the information given above.
Step by Step Answer:
Managerial Accounting Creating Value In A Dynamic Business Environment
ISBN: 9781264100699
13th Edition
Authors: Ronald Hilton, David Platt