Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ajob cost sheet of Sandoval Company is given below. JOB NO. ITEM FOR Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company
Ajob cost sheet of Sandoval Company is given below. JOB NO. ITEM FOR Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor 2,500 7/2 7/31 Manufacturing Overhead 800 900 Date 7/10 12 15 22 24 27 31 500 400 625 500 1,675 1,550 700 875 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 Direct labor 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.) Debit Credit Date Account Titles and Explanation July 31
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started