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A job cost sheet of Blossom Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2,500 ITEM White Lion Cages Date Requested
A job cost sheet of Blossom 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 15 400 500 22 300 375 24 1,700 27 1,550 31 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost (a) Your answer is correct. Answer the following questions (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Direct materials Materials requisition slips Direct labor Time tickets Manufacturing overhead Predetermined overhead rate (2) Overhead is applied on the basis of direct labor cost. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate 125 % (3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, eg. 1.25) Total cost of the completed job $ 7,550 Unit cost of the completed job $ 3.02 Prepare the entry to record the completion of the job on July 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation July 31 Debit Credit eTextbook and Media List of Accounts
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