Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 15-06 a-b (Video) A job cost sheet of Marigold Company is given below. JOB NO. ITEM FOR 2.000 2/2 2/31 Manufacturing Overhead Date 7/10

image text in transcribed
image text in transcribed
Exercise 15-06 a-b (Video) A job cost sheet of Marigold Company is given below. JOB NO. ITEM FOR 2.000 2/2 2/31 Manufacturing Overhead Date 7/10 12 15 22 24 27 31 Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor 700 900 500 300 1,620 1,540 700 600 360 840 Cost of completed job! Direct materials Direct labor Manufacturing overhead Total cost Unit cost Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Source Documents Direct materials Direct labor Manufacturing overhead (2) Overhead is applied on the basis of direct labor cost. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate (3) What are the total cost and the unit cost of the completed Job? (Round unit cost to 2 decimal places, c.9. 1.25.) Total cost of the completed Job Unit cost of the completed job $ LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO STREAR EXERCISE Prepare the entry to record the completion of the job. (Credit account wities are automatically indented when amount is entered. Do not indent manually) Date Account Trend Explanation Credit July 31 LENTO TERT LINK TO THAT LINK TO TEXT LINK TO TEXT VIDEO SIMILAR EXERCISE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

Students also viewed these Accounting questions