Hanover Products manufactures screws and bolts made to customer specifications. During August, they incurred the following manufacturing costs: ? Direct materials $28,019 ? Direct labor $15,276.75 ? Applied factory overhead $9,854.50 The following data pertain to these costs: Summary of Direct Materials Requisitions

Dept #	Job #	Req #	Quantity	Cost per unit
1	8961	M66r	2,675	$2.23
2	8962	M67r	125	18.78
1	8963	M68r	780	8.29
1	8961	M69r	289	5.72
2	8963	M70R	95	22.07
1	8964	M71r	2,945	3.24

Summary of Direct Labor Time Tickets

Dept #	Job #	Ticket #	Hours	Rate per hr
1	8961	1056-1166	770	$7.25
1	8962	1167-1173	50	7.25
2	8962	2121-2130	92	8.75
1	8963	1174-1189	178	7.25
2	8963	2131-2134	44	8.75
1	8964	1190-1230	945	7.25

The overhead application rate is $4 per direct labor hour for Dept 1 and 175% of direct labor cost for Dept 2. The company had no beginning work in process for August, Job 8958, which cost $14,190.18 to manufacture, was completed in July and was sold on account in August for $19,000. The job cost sheet for this job is shown on below. Of the jobs begun in August, Job 8961 was completed and sold on account for $24,000,

ACG2071 - 2185

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Job 8962 and 8964 was completed but not sold and Job 8963 was still in process.

	Hanover Products		Job #
	Job Cost Sheet
	Direct Materials
Dept #	Req. #	Quantity	Cost/Unit		Total
						Formula
						Formula
						Formula
						Formula
	Direct Labor
Dept #	Ticket #	Quantity	Rate		Total
					Formula
					Formula
					Formula
	Applied Factory Overhead
Dept #	Basis	Hours	Cost	Rate	Total
1	DL Hrs	Formula	XXX	$4	Formula
2	DL cost	xxxx	Formula	175%	Formula
					Formula
	Total Factory Cost
			Total		Formula