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Current Attempt in Progress Waterways has two major public - park projects to provide with comprehensive irrigation in one of its service locations this month
Current Attempt in Progress
Waterways has two major publicpark projects to provide with comprehensive irrigation in one of its service locations this month Job and Job K involve acres of landscaped terrain which will require specialorder sprinkler heads to meet the specifications of the project Using a job cost system to produce these parts, the following events occurred during December.
Rawmaterials were requisitioned from the company's inventory on December for $; on December for $; and on December for $ In each instance, twothirds of these materials were for and the rest for K
Six time tickets were turned in for these two projects for a total amount of hours of work All the workers were paid $ per hour. The time tickets were dated December December and December On each of those days, labor hours were spent on these jobs, twothirds for and the rest for K
The predetermined overhead rate is based on machine hours. The estimated machine hour use for the year is hours, and the estimated overhead costs are $ for the year. The machines were used by workers on projects K and J on December and Sx machine hours were used for project K each day and machine hours were used for project the first day and each of the other days Both of these special orders were completed on December producing sprinkler heads for and sprinkler heads for
Additional job order activities during this period included:
Dec Purchased raw materials from Durbin Supply Company on account for $
Dec Issued $ of direct materials from the company s inventory to jobs other than and and $ of indirect materials.
Dec Paid Waterways factory salaries and wages for $
Dec Paid the factory water bill of $
Dec Transferred $ of costs from other completed jobs to finished goods.
Dec Paid the factor s electric bill of $ for Waterways factory.
Dec Made adjusting entries for the factory that included accrued property taxes of $ prepald insurance of $ and accumulated depreciation of $
a
Set up the job cost sheets for Job No and Job Na K Determine the total cost for each manufacturingspecial order for these jobs. Round unit costs to decimal places es
tableJab NoJob No KTotal Cost,ssUnit cost$
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