1. General Motors is Detroit based motor engines maker. The company follows the job costing system. It received the order from the customers called Miami Motors for motor engines repairs on 31/7/2016. The company agreed to bill on cost plus 20% mark-up for this job order. The model of engine was JJJ-12. The job number assigned to this was J9738. The order is due for delivery on 15/9/2016. The work started on 12/8/2016.

The job consumed the following materials and labor:

1. Material Requisition

Number Description Quantity Rate Amount

47624 Bar steel 720 lbs $11.50 ????

Stock 3

A35161 Subassemblies 290 units $38.00

Total direct materials cost:

2. Labor usage

Dates Number Hours Rate Amount

8/2, 3, 4, 5 M16 24 $28 $ 672

8/2, 3, 4,5 M18, M19, M20 64 $26 1,664

8/6, 7, 8,9,10,25, A26, A27 120 $18 2,160

8/6, 7, 8,9,10 A32, A34, A35 61 $17 1,037

Total direct labor cost :

3. Overhead

118 machine hours @ $40 per hour $ 4,720

269 direct labor hours @ 36 per hour 9,684

Total overhead cost:

Using the following information, calculate the total cost of the job and billing amount to be done.

JOB COSTING

Job Number: Date Promised:

Customer: Date Started:

Job Description:

Engineering Design Number:

	Description	Rate	Amount
Material
Labor
Overhead
Total Cost
Mark-up 20%
Amount to be billed