Question
Dynamo Corporation uses a job order costing system. Five jobs were worked on during the current year. The predetermined overhead rate is 30% of direct
Dynamo Corporation uses a job order costing system. Five jobs were worked on during the current year. The predetermined overhead rate is 30% of direct labor costs. The following cost information is available (all materials and time ticket information apply to direct costs):
Job | Material Requisitions | Time Tickets |
101 | $91,000 | $36,000 |
102 | $67,000 | $62,300 |
103 | $47,000 | $55,500 |
104 | $35,700 | $42,000 |
105 | $39,000 | $92,750 |
Part 1Complete the job cost sheets for each job.
Job No. 101 |
| Job No. 102 |
| Job No. 103 |
|
Materials |
| Materials |
| Materials |
|
Labor |
| Labor |
| Labor |
|
Overhead |
| Overhead |
| Overhead |
|
Total Cost |
| Total Cost |
| Total Cost |
|
Status | In Process | Status | Sold | Status | Finished |
Job No. 104 |
| Job No. 105 |
|
Materials |
| Materials |
|
Labor |
| Labor |
|
Overhead |
| Overhead |
|
Total Cost |
| Total Cost |
|
Status | Sold | Status | Finished |
job 101 applied overhead?
job 102 applied overhead?
job 103 total manufacturing cost, work in progress ending inventory?
total cost of goods manufactured?
Total cost of goods sold?
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