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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
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 7/ 1 7/1 7/ 5 7/ 5 7/10 Document Amount -4698 $2,000 W-3393 1,350 0 -4725 1,750 W -3479 1,200 W-35591,050 Determine the total cost on the job cost sheet for Job 9-1005. JOB COST SHEET: Job 9-1005 Direct Materials Direct Labor Requisition No. Amount Time-Ticket No. Amount Total Cost Overhead Costs Applied Date 07/01 07/05 07/10
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