Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,650, and Job 94 with a beginning balance of $7,270. Jagjit applies overhead at the rate of $9 per direct labor hour. Direct labor wages average $16 per hour. Data on August costs for all jobs are as follows:

	Job 93	Job 94	Job 95	Job 96
Direct materials	$910	$4,590	$3,330	$1,270
Direct labor cost	2,080	4,800	2,400	960

During August, Jobs 95 and 96 were started. Job 93 was completed on August 17, and the client was billed at cost plus 40%. All other jobs remained in process.

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

Jagjit Company

Job-Order Cost Sheets

August 31

1		Job 93	Job 94	Job 95	Job 96
2	Beginning balance
3
4
5
6

4. Calculate the balance in Work in Process on August 31.

The work in process balance on August 31 is .

Points:

0 / 1

5. What is the price of Job 93?

The price of Job 93 is .

Points:

0 / 1

Partway through the year, Jagjit bought a bulldozer to handle larger jobs. The bulldozer cost $38,500 and is needed for larger commercial jobs. Smaller residential jobs can still be done with the smaller bobcat tractor.

6. CONCEPTUAL CONNECTION: Complete the statement below that outlines how the bulldozers cost could be applied to only those jobs that need the larger equipment.

Create a separate ________ for the acquisition and use of the bulldozer. Treat the bulldozers depreciation, fuel, maintenance, etc. as _______ . Divide this by the anticipated annual hours of use to arrive at the ___________ .