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312 Calculate job costs and prepare a job cost sheet for a construction project. Item Cost ($) Direct Materials $50,000 Direct Labor $30,000 Indirect Costs
312
Calculate job costs and prepare a job cost sheet for a construction project.
Item | Cost ($) |
Direct Materials | $50,000 |
Direct Labor | $30,000 |
Indirect Costs | $20,000 |
Beginning WIP | $10,000 |
Ending WIP | $5,000 |
Requirements:
Calculate the total job costs.
Prepare a job cost sheet showing direct materials, direct labor, and overhead costs.
Analyze the profitability of the construction project based on job costing.
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