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Decker Screw Manufacturing Company produces special screws made to customer specifications. During June, the following data pertained to these costs: 24 Summary of Direct Materials
Decker Screw Manufacturing Company produces special screws made to customer specifications. During June, the following data pertained to these costs: 24 Summary of Direct Materials Requisitions Job Requisition Cost per Department Number Number Number Quantity Unit 1 2986 B9766 5,100 $ 1.30 2 2907 B9767 220 22.00 1 2908 B9768 1,220 9.00 1 2906 B9769 4,980 1.31 2 2908 B9770 34 48.00 Department Number 1 2 1 2 1 Summary of Direct Labor Time Tickets Job Ticket Cost per Number Number Hours Unit 2906 1056-1168 1,124 $ 6.50 2907 2121 - 2130 158 9.00 2908 1169-1189 173 6.50 2908 2131-1239 54 9.00 2906 1190-1239 832 6.50 Summary of Factory Overhead Application Rates Department Number Basis of Application Rates 1 $3 per direct labor hour $ 2 150% of direct labor cost Decker had no beginning Work-in-Process Inventory for June. Of the jobs begun in June, Job 2906 was completed and sold on account for $30,000, Job 2907 was completed but not sold, and Job 2908 was still in process, Required: 1. Calculate the direct materials, direct labor, factory overhead, and total costs for each job started in June. 2. Perform the same calculations as in requirement 1, but assume that the direct labor rate per hour increased by 10% in Department 1 and 25% in Department 2. 24 Application Rates Department Number Basis of Application Rates $3 per direct labor hour 150% of direct labor cost Decker had no beginning Work-in-Process Inventory for June. Of the jobs begun in June, Job 2906 was completed and sold on account for $30,000, Job 2907 was completed but not sold, and Job 2908 was still in process. Required: 1. Calculate the direct materials, direct labor, factory overhead, and total costs for each job started in June. 2. Perform the same calculations as in requirement 1, but assume that the direct labor rate per hour increased by 10% in Department 1 and 25% in Department 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the direct materials, direct labor, factory overhead, and total costs for each job started in June. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Job 2906 Job 2907 Job 2908 Total Direct materials 0.00 Direct labor 0.00 Factory overhead Total job cost 0.00 0.00 $ 0.00 $ 0.00 S 0.00 $ 24 Department Number Basis of Application Rates 1 $3 per direct labor hour 2 150% of direct labor cost Decker had no beginning Work-in-Process Inventory for June. Of the jobs begun in June, Job 2906 was completed and sold on account for $30,000, Job 2907 was completed but not sold, and Job 2908 was still in process. Required: 1. Calculate the direct materials, direct labor, factory overhead, and total costs for each job started in June. 2. Perform the same calculations as in requirement 1, but assume that the direct labor rate per hour increased by 10% in Department 1 and 25% in Department 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Perform the same calculations as in requirement 1, but assume that the direct labor rate per hour increased by 10% in Department 1 and 25% in Department 2. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Job 2906 Job 2907 Job 2908 Total S 0.00 Direct materials Direct labor 0.00 0.00 Factory overhead Total job cost $ 0.00 0.00 $ 0.00 $ 0.00
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