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1- Hints: Show calculation steps if possible, thank you. Objective: To use the documents and calculations found in a job order costing system. . You
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Show calculation steps if possible, thank you.
Objective: To use the documents and calculations found in a job order costing system. . You should get a total Direct Materials of $2,450. You should get a total Job Cost of $6,410. Preparing a Job Cost Sheet Wright Boats has received Bailey Jones' order for a custom rowboat. The following information is from the materials requisitions and time tickets for Bailey's job (Job 9). The requisitions are identified by starting with the letter Q and the time tickets start with W. The company estimates overhead costs to be $140,000 for the year and estimates direct labor costs will be $100,000. Prepare a job cost record for Job 9 at July 10. Date Document Amount Jul. 1 Q-4698 $1,350 Jul. 1 W-3393 700 Jul. 5 Q-4725 1,100 Jul. 5 W-3479 550 Jul. 10 W-3559 400 Job Cost Sheet Date Job No. Job Name Description Direct Materials Material Direct Materials Req. No. Cost Direct Labor Time Direct Ticket Labor Cost Manufacturing Overhead Estimated Manufacturing Overhead Rate Overhead Cost $ Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost $Step by Step Solution
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