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Company Info Various Violins, Inc. is a new manufacturer of string instruments. During the month of January 20XX, Various Violins, Inc. had three jobs
Company Info Various Violins, Inc. is a new manufacturer of string instruments. During the month of January 20XX, Various Violins, Inc. had three jobs in production: Job # 1 (the production of 10 violins for Valley View High School,) Job #2 (the production of 20 violins for Crestwood Community College,) and Job #3 (the production of 30 violins for Oriskany Hills High School). Using the information below, please prepare the job cost record for each of Various Violins' jobs during the month. Job #1 ~On January 2nd, Job # 1's direct laborers requisitioned $450 worth of direct materials (Requisition #1) On January 3rd, employees worked on Job #1 and were paid $320 in wages for their work (labor time #1). "On January 10th, Job # 1's direct laborers requisitioned $350 worth of direct materials (requisition #4). ~On January 14th, employees worked on Job #1 and were paid $380 in wages for their work (labor time #4) ~As the company does with all jobs, Various Violins, Inc. allocates manufacturing overhead to jobs at a rate of 40% of direct labor costs. Use January 31st as the allocation date. Job Number Customer Job Description Job Cost Record Manufacturing Overhead Direct Materials Direct Labor Date Requisition # Amount Date Labor Time # Amount Date Cost Summary Total Cost Unit Cost Direct Materials Direct Labor Manufacturing Overhead Rate Amount
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