Determining Manufacturing Costs

Wagner Printing Inc. began printing operations on July 1. Jobs 7-01 and 7-02 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 7-03 and 7-04 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $2,390 of indirect materials and $8,500 of indirect labor were used during the month. The cost sheets, in summary form, for the four jobs during the month are as follows:

Job 7-01				Job 7-02
Direct materials	24,790			Direct materials	11,590
Direct labor	9,500			Direct labor	4,900
Factory overhead	5,225			Factory overhead	2,695
Total	39,515			Total	19,185

Job 7-03------------------------------------- Job 7-04

Direct materials---------35,970 Direct materials-------------7,140

Direct labor--------------10,500 Direct labor--------------------1,400

Factory overhead--------- ? Factory overhead--------------- ?

Determine each of the following for July:

a. Direct and indirect materials used.

Direct materials used and transferred to Work in Process	$_________
Indirect materials used and transferred to Factory Overhead	$_________

b. Direct and indirect labor used.

Direct labor used and transferred to Work in Process	$________
Indirect labor used and transferred to Factory Overhead	$________

c. Factory overhead applied (a single overhead rate is used based on direct labor cost). $______________________

d. Cost of completed Jobs 7-01 and 7-02. $______________________