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Amount of Activity Cost Driver Driver Setting up $168,000 Setups design 1,200 Purchasing 186,000 Number of parts 15,000 Other Direct labor overhead 50,000 415,000 hours
Amount of Activity Cost Driver Driver Setting up $168,000 Setups design 1,200 Purchasing 186,000 Number of parts 15,000 Other Direct labor overhead 50,000 415,000 hours Salazar worked on five jobs in March. Data are as follows: Job 15 Job 16 Job 17 Job 18 Job 19 Balance, $34,500 $39,890 $ $24,090 $0 March 1 $0 Direct $28,000 $37,900 $25,350 $11,000 materials $13,580 Direct labor $10,000 $8,500 $23,000 $12,700 $8,000 Setups 20 14 35 8 15 Number of 150 180 200 500 300 parts Direct labor 650 580 1,600 870 520 hours By March 31, Jobs 15, 16, and 17 were completed and sold. The remaining jobs were in process. Required: 1. Calculate the activity rates for each of the three overhead activities. If required, round your answers to the nearest cent. Setup rate per set up Purchasing rate per part Other overhead per direct labor rate hour 2. Prepare job-order cost sheets for each job showing all costs through March 31. What is the cost of each job by the end of March?. If an amount is zero, enter "O". Salazar Company Job-Order Cost Sheets Job 15 Job 16 Job 17 Job 18 Job 19 Balance, March 1 $ $ $ $ Direct materials Direct labor Applied overhead: Setups Purchasing Other overhead Total cost 3. Calculate the balance in Work in Process on March 31. 4. Calculate the cost of goods sold for March
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