Job A	Job B	Job C
Cost of Jobs in Process 1/8/2020	$12 000	$1 000	$0
Direct Materials Used ($)	$15 000	$20 000	$15 000
Direct Labour (hours)	100	80	50

Required:

1. Determine the full cost of each Job. Show all workings [6 marks]

• 2. Assuming no other jobs were started, completed or sold during August, determine the balance of each of the following accounts at the end of August: [4 marks]
• Work in Process
• Finished Goods
• Cost of Goods Sold

3.If the actual overhead rate calculated at the end of the period was $10 per direct labour hour, what would you do? [4 marks]

QUESTION 8: Product costing (14 marks] Aquazone Pools use a job costing system. Overhead is applied to each job on the basis of direct labour hours. The direct labour rate is $25 per hour and the pre-determined overhead rate is $15 per direct labour hour. Aquazone worked on three (3) jobs in August, Job A, B and C. Job A and B were already underway (work in process) at the beginning of August. Job A was completed and paid for by the customer in August. Job B was completed in August but not paid for by the customer. Job C was started in August, but not completed. The following job costing sheet outlines the following costs for August