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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 in
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 Cost Record Job Number Customer Job Description Direct Materials Direct Labor Manufacturing Overhead Date Requisition # Amount Date Labor Time # Amount Date Rate Amount Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit CostJob #2 "On January 3rd, Job #2's direct laborers requisitioned $750 worth of direct materials (Requisition #2) "On January 4th, employees worked on Job #2 and were paid $550 in wages for their work (labor time #2). "On January 20th, Job #2's direct laborers requisitioned $950 worth of direct materials (requisition #5). "On January 24th, employees worked on Job #2 and were paid $650 in wages for their work (labor time #5) "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 Cost Record Job Number Customer Job Description Direct Materials Direct Labor Manufacturing Overhead Date Requisition # Amount Date Labor Time # Amount Date Rate Amount Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit CostJob #3 "On January 15th, Job #3's direct laborers requisitioned $1,400 worth of direct materials (Requisition #3) "On January 18th, employees worked on Job #3 and were paid $1,000 in wages for their work (labor time #3). "On January 20th, Job #1's direct laborers requisitioned $820 worth of direct materials (requisition #6). "On January 30th, employees worked on Job #3 and were paid $800 in wages for their work (labor time #6). "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 Cost Record Job Number Customer Job Description Direct Materials Direct Labor Manufacturing Overhead Date Requisition # Amount Date Labor Time # Amount Date Rate Amount Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit Cost
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