Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A job cost sheet of Oriole Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2.000 ITEM White Lion Cages Date Requested 7/2

image text in transcribed
image text in transcribed
A job cost sheet of Oriole Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2.000 ITEM White Lion Cages Date Requested 7/2 FOR Todd Company Date Completed 7/31 Direct Materials Direct Labor Manufacturing Overhead Date 7/10 700 12 900 15 400 480 22 300 360 24 1,640 27 1,560 31 700 840 Cost of completed job: Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Source Documents 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 120 % (3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, s 1.25.) Total cost of the completed job $ 8880 Unit cost of the completed job $ 3.44

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Entrepreneurial Finance

Authors: Marco Da Rin, Thomas Hellmann

8th Edition

0199744750, 9780199744756

More Books

Students also viewed these Accounting questions