Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ajob cost sheet of Sandoval Company is given below. JOB NO. ITEM FOR 2,500 7/2 7/31 Manufacturing Overhead Date 7/10 12 Job Cost Sheet 469

image text in transcribedimage text in transcribed

Ajob cost sheet of Sandoval Company is given below. JOB NO. ITEM FOR 2,500 7/2 7/31 Manufacturing Overhead Date 7/10 12 Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor 700 900 600 300 1,625 1,525 700 15 750 22 375 24 27 31 875 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost | | 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 Manufacturing overhead (2) Overhead is applied on the basis of direct labor cost. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate (3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, e.g. 1.25.) Total cost of the completed job $ Unit cost of the completed job $ Prepare the entry to record the completion of the job. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31

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

Students also viewed these Accounting questions

Question

What is the least common multiple of each pair in Exercise 25?

Answered: 1 week ago

Question

6. Identify characteristics of whiteness.

Answered: 1 week ago

Question

e. What are notable achievements of the group?

Answered: 1 week ago