Exercise 15-2 Job cost computation LO C2

The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job.

Date

Document

Amount

7/1/2017

Q-4698

$

1,250

7/1/2017

W-3393

600

7/5/2017

Q-4725

1,000

7/5/2017

W-3479

450

7/10/2017

W-3559

300

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Determine the total cost on the job cost sheet for Job 9-1005.

	JOB COST SHEET: Job 9-1005
	Direct Materials		Direct Labor		Overhead	Total Cost
Date	Requisition No.	Amount	Time-Ticket No.	Amount	Costs Applied
07/01/2017	Q-4698	$1,250	W-3393	$600
07/05/2017	Q-4725	1,000	W-3479	450
07/10/2017			W-3559	300
		$2,250		$1,350