Homepage 205 BUS2101 47 x tomheducation.com/ext/map/index.html?_con=con&external browser OlaunchUnt=vtt253A%252F%252Fims.meducation.com%252Fmghmiddleware252Fmepr Pearson Myland Mastering X Connect 3 - Assignment Saved Help Save & En Submit NWT Consultants, located in Yellowknife, Northwest Territories, is a small but growing business that analyzes a variety of construction materials before they are used by contractors. The testing procedures are specific to the individual materials used because reagents used for testing react differently based on their composition and the quantity used. How they are introduced into the materials for testing is also important During the month of December 2021, NWT completed 36 different jobs. Records pertaining to one such job freference number. MT Q421-442) are as follows: 13-01 Date 2/12/21 4/12/21 11/12/21 13/12/21 20/12/21 22/12/21 Document M-3316 L-4423 L-4437 M-3399 M-3407 L-4509 Amount $ 920 700 1,270 2.130 1,450 1,850 The documents with the references M and L pertain to direct materials and direct labour, respectively. NWT currently allocates overhead using direct labour cost as the allocation base. For the year 2021, it estimated $378,000 as the overhead amount and $300,000 for direct labour costs. Required: 1. Compute the overhead allocation rate for 2021 9 Predetermined overhead rate 2. Compute the total costs of the job. Amount Direct materials Direct labour Overhead Total costs GA 0 3. Prepare a job cost sheet for job MT Q421-442. JOB COST SHEET Number MTQ421-442 Date initiated Department Commercial Date completed Description Pesticide testing Units completed Direct Materials Direct Labour Amount Time-Sheet Hours Amount Dec 01, 2021 Dec 23, 2021 1 Overhead Req. No. DL Cost Rate Amount Cost Summary Date Dec 24, 2021 Job Completion Status Progress to date Completed and shipped to customer Total Cost Unit Cost Homepage 205 BUS2101 47 x tomheducation.com/ext/map/index.html?_con=con&external browser OlaunchUnt=vtt253A%252F%252Fims.meducation.com%252Fmghmiddleware252Fmepr Pearson Myland Mastering X Connect 3 - Assignment Saved Help Save & En Submit NWT Consultants, located in Yellowknife, Northwest Territories, is a small but growing business that analyzes a variety of construction materials before they are used by contractors. The testing procedures are specific to the individual materials used because reagents used for testing react differently based on their composition and the quantity used. How they are introduced into the materials for testing is also important During the month of December 2021, NWT completed 36 different jobs. Records pertaining to one such job freference number. MT Q421-442) are as follows: 13-01 Date 2/12/21 4/12/21 11/12/21 13/12/21 20/12/21 22/12/21 Document M-3316 L-4423 L-4437 M-3399 M-3407 L-4509 Amount $ 920 700 1,270 2.130 1,450 1,850 The documents with the references M and L pertain to direct materials and direct labour, respectively. NWT currently allocates overhead using direct labour cost as the allocation base. For the year 2021, it estimated $378,000 as the overhead amount and $300,000 for direct labour costs. Required: 1. Compute the overhead allocation rate for 2021 9 Predetermined overhead rate 2. Compute the total costs of the job. Amount Direct materials Direct labour Overhead Total costs GA 0 3. Prepare a job cost sheet for job MT Q421-442. JOB COST SHEET Number MTQ421-442 Date initiated Department Commercial Date completed Description Pesticide testing Units completed Direct Materials Direct Labour Amount Time-Sheet Hours Amount Dec 01, 2021 Dec 23, 2021 1 Overhead Req. No. DL Cost Rate Amount Cost Summary Date Dec 24, 2021 Job Completion Status Progress to date Completed and shipped to customer Total Cost Unit Cost
