Mastiff, Co builds film sets for Big Dog Productions At the end of last month, the company switched to a new costing software system, but a glitch occurred with the job order costing system The project general manager, Sampson, has come to you for help answering the following questions What was the total amount of direct materials used during the month What was the overhead application rate Which jobs were finished Which jobs were sold What job(s) was were still in process at the end of the month What was the actual overhead for the month Was overhead under or overapplied By how much Wile wants to know the average cost of the jobs during the month Why is there such a difference between the average cost of each job and the actual cost of each job Explain if you think job order costing is or is not appropriate for this company Materials Job P12 Job P13 Job P14 Beg Bal 4,500 Beg Bal 4,200 9,300 Bought 6,500 DM 1,500 6,300 400 Used DL 2,400 3,600 1,200 End Bal 2,900 OH 2,880 4,230 1,440 Bal 1 31 10,980 23,520 3,040 WIP Overhead Finished Goods COGS Beg 13,500 IM Bal 1,300 Beg 0 DM 8,200 IL 600 10,980 DL 7,200 Depr 1,500 23,520 OH 1,800 Other 2,700

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Mastiff, Co. builds film sets for Big Dog Productions. At the end of last month, the company switched to a new costing software system, but

Mastiff, Co. builds film sets for Big Dog Productions. At the end of last month, the company switched to a new costing software system, but a glitch occurred with the job order costing system. The project general manager, Sampson, has come to you for help answering the following questions:

What was the total amount of direct materials used during the month?
What was the overhead application rate?
Which jobs were finished?
Which jobs were sold?
What job(s) was/were still in process at the end of the month?
What was the actual overhead for the month?
Was overhead under or overapplied?By how much?
Wile wants to know the average cost of the jobs during the month?
Why is there such a difference between the average cost of each job and the actual cost of each job?
Explain if you think job order costing is or is not appropriate for this company.

Materials Job P12 Job P13 Job P14 Beg. Bal 4,500 Beg. Bal 4,200 9,300 Bought 6,500 DM 1,500 6,300 400 Used DL 2,400 3,600 1,200 End. Bal 2,900 OH 2,880 4,230 1,440 Bal. 1/31 10,980 23,520 3,040 WIP Overhead Finished Goods COGS Beg. 13,500 IM Bal. 1,300 Beg. 0 DM 8,200 IL 600 10,980 DL 7,200 Depr. 1,500 23,520 OH 1,800 Other 2,700