Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

chapter 15 water ways continuing problem. Waterways has two major public park projects to provide with comprehensive irrigation and one of its service locations this

chapter 15 water ways continuing problem.

Waterways has two major public park projects to provide with comprehensive irrigation and one of its service locations this month. Job J57 and job K52 involve 15 acres of landscape terrain which will require special order sprinkler heads to meet the specifications of the project using a job cost system to produce these parts the following events occur during December. Raw materials were requisitioned from the company's inventory on December 2nd for $4662 on December 8th for $972 and on December 14th $3180 in each instance 2/3 of these materials were for J57 and the rest for K52. Six time tickets were turned in for these two projects for a total amount of 18 hours of work period all the workers were paid $16.50 per hour. The time tickets were dated December 3rd December 9th and December 15th. On each of those days, six labor hours were spent on these jobs, 2/3 for J57 and the rest for K52. The predetermines overhead rate is based on machine hours. The estimated machine hour used for the year is 1942 hours, and the estimated overhead costs are $710,772 for the year the machines were used by workers on projects K52 and J57 on December 3rd 9th and 15th 6th machine hours were used for project K522 each day, and 8.5 machine hours were used for project J 572.5 the first day and three each of the other days. Both of these special orders were completed on december 15th producing 220 sprinkler heads for jay 57 and 132 sprinkler heads for K52. Additional job order activities during this. Included December 1st purchased raw materials from Durban supply company on account for $48,944 December 2nd issued $36,800 of direct materials from the companies inventory to jobs other than K52 and J57 and $2760 of indirect materials December 12th paid waterways factory salaries and wages for $59,800 December 13th paid the factory's water bill of $8280.

A. Set up the job cost sheets for job number J57 and job number K52. Determine the total cost for each manufacturing special order for each of us. Round unit cost to two decimal places.

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

Cornerstones Of Financial Accounting

Authors: Jay Rich, Jeff Jones

3rd Edition

1285424409, 978-1285423678

More Books

Students also viewed these Accounting questions