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Direct Mateirals- $10,000 on this job Direct Labor- 400 hours at $10.00 Manufacturing Overhead- Estimated Rate- $15.00 per Direct Labor Hour Requirement 1 : Students

Direct Mateirals- $10,000 on this job

Direct Labor- 400 hours at $10.00

Manufacturing Overhead- Estimated Rate- $15.00 per Direct Labor Hour

Requirement 1: Students will create a Job Order Costing spreadsheet in Excel (with formulas) using the data presented in the video.

Requirement 2: Using the Excel spreadsheet, complete a Job Order Costing spreadsheet for the following two customers:

John Smith ordered five tree houses

Jane Doe ordered three tree houses

Requirement 3: Questions to be answered:

1. What is the total cost for John Smiths order?

2. What is the total cost for Jane Does order?

3. Explain what a job costing system is.

4. List at least 6 items that is included in Direct Materials (items needed to build the tree house).

5. List at least 3 items that is included in Manufacturing Overhead (items needed by employees so they can build the tree house).

ABC Tree Houses Company

Job Costing Sheet

Job Number:

Customer Name:

Number of Tree Houses

Direct Materials Costs (per tree house):

Direct Labor Costs (per tree house):

Manufacturing Overhead Costs (per tree house):

1

2

3

4

5

Total Costs:

Cost Summary (for entire order):

Total Amount:

Direct Materials Costs:

Direct Labor Costs:

Manufacturing Overhead Costs:

Total Cost of Order:

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