Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ajob cost sheet of Sheridan Company is given below. JOB NO. 2.000 Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date

image text in transcribedimage text in transcribed

Ajob cost sheet of Sheridan Company is given below. JOB NO. 2.000 Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date Completed ITEM 7/2 FOR Direct Materials Direct Labor 7/31 Manufacturing Overhead Date 7/10 700 12 900 15 500 600 22 300 360 24 1,600 27 1.540 31 600 720 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, eg. 1.25.) Total cost of the completed job $ Unit cost of the completed job $ Save for Later Attempts: 0 of 1 used Submit Answer (b) 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 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

Step: 3

blur-text-image

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

Accounting Custom Edition For National American University

Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver

9th Edition

1256297585, 978-1256297581

Students also viewed these Accounting questions