Applying Overhead to Jobs, Costing Jobs Jagjit Company designs and builds retaining walls for individual customers On August 1, there were two jobs in process Job 93 with a beginning balance of $8,690 and Job 94 with a beginning balance of $7,330 Jagjit applies overhead at the rate of $10 per direct labor hour Direct labor wages average $18 per hour Data on August costs for all jobs are as follows Job 93 Job 94 Job 95 Job 96 Direct materials $1,000 $4,550 $3,260 $1,290 Direct labor cost 1,980 5,400 2,880 900 During August, Jobs 95 and 96 were started Job 93 was completed on August 17, and the client was billed at cost plus 40 All other jobs remained in process Required 1 Calculate the number of direct labor hours that were worked on each job in August Job 93 fill in the blank 679cce01806b057 1 DLH Job 94 fill in the blank 679cce01806b057 2 DLH Job 95 fill in the blank 679cce01806b057 3 DLH Job 96 fill in the blank 679cce01806b057 4 DLH 2 Calculate the overhead applied to each job during the month of August Job 93 $fill in the blank 679cce01806b057 5 Job 94 $fill in the blank 679cce01806b057 6 Job 95 $fill in the blank 679cce01806b057 7 Job 96 $fill in the blank 679cce01806b057 8 3 Prepare job order cost sheets for each job as of the end of August All amount cells must have an entry enter zeros as needed Jagjit Company Job Order Cost Sheets August 31 Job 93 Job 94 Job 95 Job 96 Beginning balance $fill in the blank 413af0036fcd046 1 $fill in the blank 413af0036fcd046 2 $fill in the blank 413af0036fcd046 3 $fill in the blank 413af0036fcd046 4 Direct materials fill in the blank 413af0036fcd046 5 fill in the blank 413af0036fcd046 6 fill in the blank 413af0036fcd046 7 fill in the blank 413af0036fcd046 8 Direct labor fill in the blank 413af0036fcd046 9 fill in the blank 413af0036fcd046 10 fill in the blank 413af0036fcd046 11 fill in the blank 413af0036fcd046 12 Applied overhead fill in the blank 413af0036fcd046 13 fill in the blank 413af0036fcd046 14 fill in the blank 413af0036fcd046 15 fill in the blank 413af0036fcd046 16 Total $fill in the blank 413af0036fcd046 17 $fill in the blank 413af0036fcd046 18 $fill in the blank 413af0036fcd046 19 $fill in the blank 413af0036fcd046 20 4 Calculate the balance in Work in Process on August 31 The work in process balance on August 31 is $fill in the blank 8b23cffc3fd807e 1 5 What is the price of Job 93 The price of Job 93 is $fill in the blank 8b23cffc3fd807e 2 6 CONCEPTUAL CONNECTION Part way through the year, Jagjit bought a bulldozer to handle larger jobs The bulldozer cost $37,400 and is needed for larger commercial jobs Smaller residential jobs can still be done with the smaller bobcat tractor Complete the statement below that outlines how the bulldozers cost could be applied to only those jobs that need the larger equipment Create a separate for the acquisition and use of the bulldozer Treat the bulldozers depreciation, fuel, maintenance, etc as Divide this by the anticipated annual hours of use to arrive at the

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Applying Overhead to Jobs, Costing Jobs Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process:

Applying Overhead to Jobs, Costing Jobs

Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,690 and Job 94 with a beginning balance of $7,330. Jagjit applies overhead at the rate of $10 per direct labor hour. Direct labor wages average $18 per hour. Data on August costs for all jobs are as follows:

	Job 93	Job 94	Job 95	Job 96
Direct materials	$1,000	$4,550	$3,260	$1,290
Direct labor cost	1,980	5,400	2,880	900

During August, Jobs 95 and 96 were started. Job 93 was completed on August 17, and the client was billed at cost plus 40%. All other jobs remained in process.

Required:

1. Calculate the number of direct labor hours that were worked on each job in August.

Job 93	fill in the blank 679cce01806b057_1 DLH
Job 94	fill in the blank 679cce01806b057_2 DLH
Job 95	fill in the blank 679cce01806b057_3 DLH
Job 96	fill in the blank 679cce01806b057_4 DLH

2. Calculate the overhead applied to each job during the month of August.

Job 93	$fill in the blank 679cce01806b057_5
Job 94	$fill in the blank 679cce01806b057_6
Job 95	$fill in the blank 679cce01806b057_7
Job 96	$fill in the blank 679cce01806b057_8

3. Prepare job-order cost sheets for each job as of the end of August. All amount cells must have an entry; enter zeros as needed.

Jagjit Company
Job-Order Cost Sheets
August 31
	Job 93	Job 94	Job 95	Job 96
Beginning balance	$fill in the blank 413af0036fcd046_1	$fill in the blank 413af0036fcd046_2	$fill in the blank 413af0036fcd046_3	$fill in the blank 413af0036fcd046_4
Direct materials	fill in the blank 413af0036fcd046_5	fill in the blank 413af0036fcd046_6	fill in the blank 413af0036fcd046_7	fill in the blank 413af0036fcd046_8
Direct labor	fill in the blank 413af0036fcd046_9	fill in the blank 413af0036fcd046_10	fill in the blank 413af0036fcd046_11	fill in the blank 413af0036fcd046_12
Applied overhead	fill in the blank 413af0036fcd046_13	fill in the blank 413af0036fcd046_14	fill in the blank 413af0036fcd046_15	fill in the blank 413af0036fcd046_16
Total	$fill in the blank 413af0036fcd046_17	$fill in the blank 413af0036fcd046_18	$fill in the blank 413af0036fcd046_19	$fill in the blank 413af0036fcd046_20

4. Calculate the balance in Work in Process on August 31. The work in process balance on August 31 is $fill in the blank 8b23cffc3fd807e_1.

5. What is the price of Job 93? The price of Job 93 is $fill in the blank 8b23cffc3fd807e_2.

6. CONCEPTUAL CONNECTION: Part way through the year, Jagjit bought a bulldozer to handle larger jobs. The bulldozer cost $37,400 and is needed for larger commercial jobs. Smaller residential jobs can still be done with the smaller bobcat tractor.

Complete the statement below that outlines how the bulldozers cost could be applied to only those jobs that need the larger equipment.

Create a separate for the acquisition and use of the bulldozer. Treat the bulldozers depreciation, fuel, maintenance, etc. as . Divide this by the anticipated annual hours of use to arrive at the .