Job Costing Project real-time, eliminate tedious calculations, and prevent errors. However, the underlying process is the same regardless of whether the company uses electronic manual documents In this assignment you be equired to complete tasks related to job costing, Download the document, complete the required information, save the document, and submit the assignmer Req. 1 (3 points): Before the year began, Custom Fabric Ventures estimated the following overhead Blackboard costs for the year Due Date: June 30, 2019. Submit as an attachment in Blackboard in the Assignment for June 24-30 Modules 18 and 19 Content Area. Total Possible Points 50 points. Type of Cost Estimated total cost for the year Indirect plant labor Plant utilities Custom Fabric Ventures is a small company that produces fabric-based wardrobe accessories (such as, 50,000 handbags, scarves, and headbands) and home accessories (such as placemats, pillows, and window Lease and property taxes on the plant 120.000 treatments). The company keeps a limited number of popular items in stock, but primarily produces Depreciation on production equipment (Equipment originally costing $700,000 140,000 custom orders. Customers are able ta choose from a wide selection of styles, sizes, and fabrics for each three year ago is being depreciated over a 5.year useful life using straight-line depreciation. No salvage value is expected.) dhome- decorators who serve clientele with discerning tastes. As a result, customers expect high-quality Indirect materials to be used in the plant 20,000 products. Calculate the company's predetermined manufacturing overhead rate, assuming the company uses direct labor hours s its allocation base. Estimated total direct labor hours are 40,000. he sales staff of Custom Fabric Ventures has just received the following order: Custom Fabric Ventures Customer Order Form Req. 2 (3 points): The production engineers have given you the materials requirements for each Black & White handbag. Assume that no efficiencies in materials can be achieved by producing more than one Materials for Job # 114 found below. Be sure to include the Boutique Oder Date: 62/2019 Order Due Date: 6/15/2019 unit per batch. Complete the Bill Model Numbher: Quantity Unit Sales Price Total Description: quantity being produced in the Job as well as the total quantity needed for each direct material. Black & White Handbag BW14923 7 $75 $525 BILL ALS JOB 114 Model: BW14923 Due to its popularity, the Black and White Handbag (BW14293 ) is normally a stock item. However, the Quantity units handbag is currently out Total Quantity needed f stock. Rather than producing only enough units to fill Katie's order, Part Description Quantity Needed ber m uld like to produce a job (Job 114) that is large enough to fill Katie's order and replenish 1/2 vard 3/4 yard 1 yard BWFF Black and White Floral Fabric BWCheck BFringe Black and White Checkered Fabric Black Fringe Trim quality and precision of the cut. Therefore, the company is able tg realize some economies of scale by producing the handbags in multiples of 4 Therefore, management has decided to produce 40 units in 1/4 yard 1/4 sheet strapping ap this job to have a minimum of 30 handbags left in stock ofter Katie's order has been filled. Plastic Canvas Interfacing: Level 4 sturdiness rating PIcan int4 Your primary task is to determine the cost of producing Job 114 so that you can calculate the gross profit on the sale to Katie's Boutique. As part of this process, you will naterials that are not currently in stock, requisition materials e required to schedule the job, and complete the inh cost record The following step-by-step requirements will guide you through the entire job costing process. The documents you will encounter in this case are normally completed electronically rather than manually. In addition, these documents often interface with each other electronically in order to transfer data in
