Jagit Company designs and bulds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,770, and Job 94 with a bepinning balance of $7,300. Jagit applies overhead at the rate of $10 per direct labor hour. Direct labor wages average $17 per hour. Data on August costs for all jobs are as follows: During August, Jobs 95 and 95 were started. J06 93 was completed on August 17, and the client was biled at cost plus 4016 . All other jobs remained in process During August, Jobs 95 and 96 were started. Job 93 was completed on August 17 , and the client was biled at cost plus 40%. All other jobs remained in process. Required: 1. Calculate the number of direct labor hours that were worked on each job in August. 2. Calculate the overhead applied to each job duning the month or August. 3. Prepare job-order cost sheets for each job as of the end of August. 4. Calculate the balance in Work in Process on August 31 . 5. What is the price of Job 93 ? 6. CONCEPTUAL CONNECTION: Partway through the year, Jagit bought a buildozer to handle larger jobs. The bullblozer cost $35,300 and is needed for larger commercial jobs. Smaller residental jobs can stili be done with the smaler bobcat tractor. How could the bulliober's cost be applied to only those jobs that need the larger equipment? Amount Descriptions (X) 0%. All other Refer to the list below for the exact wording of text items within your job-order cost sheets. Amount Descriptions Applied overhead Beginning balance Direct labor Direct materials Total hidozer cost $35,3 could the bullidoze. Starting Questions (X) 0%. All other \begin{tabular}{l|l} 1. Calculate the number of direct labor hours the \\ \hline Job 93 & DLH \\ \hline Job 94 & DLH \\ \hline Job 95 & DLH \\ \hline Job 96 & DLH \end{tabular} 2. Calculate the overhead applied to each job during the month of August. hoter cost 535,30 Job 93 Job 94 Job 95 Job 96 Applying Overhead to Jobs, Costing Jobs Instructions Du Amount Descriptions Starting Questions (X). All other jobs remained in process Job-Order Cost Sheets 3. Prepare job-arder cost sheers for each job as of the end of August. Refer to Amount Descriptions for the exact wording of fext items within your job-order cost sheets. All amount cells must have an entry: enter zeros as needed. plying Overhead to Jobs, Costing Jobs \begin{tabular}{|l|l|l|l|} \hline Instructions & Amount Descriptions & Starting Questions Job-Order Cost Sheets \\ \hline \end{tabular} Instructions Du Amount Descriptions Starting Questions X 0%. All other jobs remained in Job-Order Cost Sheets Jagit Company Job-Order Cost Sheets August 31 (1) 2 Beginning balance 1 Applying Overhead to Jobs, Costing Jobs Instructions Du Amount Descriptions Starting Questions 0\%. All other jobs remained in Job-Order Cost Sheets Concluding Questions 4. Calculate the balance in Work in Process on August 31 . The work in process balance on August 31 is 5. What is the price of Job 93? The price of Job 93 is Partway through the year, Jagiit bought a bulldozer to handie larger jobs. The bulldozer cost $35.300 and is needed for larger commercial jobs. Smaller residential jobs can still be done with the smatier bobcat tractor
