Medern Building Solatiens builds pertable beiltings te chlicsts" specific cafisen The firm has twe departments: Parts Fabrication and Assembly. The Farts Fabrication thepartment draigns and cets the majer cempencets of the building and is highly astemated. The Arsembly Departeseat assembles and installs the cempenents, and this departuent is highly labear intensive. The Asembly Drpartmocet begins wark oe the buildings as seen as the floer ceempoernts are available from the Farte Fabrication Department. In its firs menth of eperwions fMarch 2ete.. Medern Brilling Selethens obtaincd centracts for three buildings: Job I: a M0-by 40-foot storage building Jobs 2. a 35- by 35-foot cunsmercial utility building Job 3t a 30- by 40-foot portable clawroen Modern Buildiez Solutioes bills its cestemers en a cest-plus basis, with preft t set equal to 35 perket of costh. The firm wacs a jeb derler costing systrm based ece earial costs. Orerbead is applied in Parts Fabrication ot a predetermined rate of stat per mackine hour (MH). In the Assembly Department, overhead is applied at a predetermined rate of s17 per direct labour heur (D1.H). The following significant traskactions eceurred in March 2010: (1) Direct muterial was porchased ee acceuntt s1.ce.000. (2) Direct material was issued te the Parts Fatorication Department for we in the three Jobs: Joh w1. 517,000; Job M2, 5.15, 600; and Job w1, 540.000. Dirnct maturial was 57,900. (3) Time sherr and payroll summaries indicaled that the foliewing direct laber cests were incerred: (4) The followine indirect cests were incurred in each department: The labour and usiliticvifucl cests were accrued at the time of the joermal eatry. (5) Owerbead was applied based on the predetrrmined ratrs in offort in oach departincet. The Parts Fabrication Department had 250 Mits (4e MHs ee Job z1, we Mite on Job W2, asd 150 M114s on Job ail), and the Asembly Departmeat werked 125. the month. (6) Job w1, Job at, and Job in were completed asd seld fer cash in the ansent at the cest-plus contract. paircul: a. Resart the jearad calies fer tramartian I-4 b. Pasting to the ledger WIP Job e1, Job i2, and Job in Medern Building Solatiens builds pertable beiltings te chlicsts" specific cafisen The firm has twe departments: Parts Fabrication and Assembly. The Farts Fabrication thepartment draigns and cets the majer cempencets of the building and is highly astemated. The Arsembly Departeseat assembles and installs the cempenents, and this departuent is highly labear intensive. The Asembly Drpartmocet begins wark oe the buildings as seen as the floer ceempoernts are available from the Farte Fabrication Department. In its firs menth of eperwions fMarch 2ete.. Medern Brilling Selethens obtaincd centracts for three buildings: Job I: a M0-by 40-foot storage building Jobs 2. a 35- by 35-foot cunsmercial utility building Job 3t a 30- by 40-foot portable clawroen Modern Buildiez Solutioes bills its cestemers en a cest-plus basis, with preft t set equal to 35 perket of costh. The firm wacs a jeb derler costing systrm based ece earial costs. Orerbead is applied in Parts Fabrication ot a predetermined rate of stat per mackine hour (MH). In the Assembly Department, overhead is applied at a predetermined rate of s17 per direct labour heur (D1.H). The following significant traskactions eceurred in March 2010: (1) Direct muterial was porchased ee acceuntt s1.ce.000. (2) Direct material was issued te the Parts Fatorication Department for we in the three Jobs: Joh w1. 517,000; Job M2, 5.15, 600; and Job w1, 540.000. Dirnct maturial was 57,900. (3) Time sherr and payroll summaries indicaled that the foliewing direct laber cests were incerred: (4) The followine indirect cests were incurred in each department: The labour and usiliticvifucl cests were accrued at the time of the joermal eatry. (5) Owerbead was applied based on the predetrrmined ratrs in offort in oach departincet. The Parts Fabrication Department had 250 Mits (4e MHs ee Job z1, we Mite on Job W2, asd 150 M114s on Job ail), and the Asembly Departmeat werked 125. the month. (6) Job w1, Job at, and Job in were completed asd seld fer cash in the ansent at the cest-plus contract. paircul: a. Resart the jearad calies fer tramartian I-4 b. Pasting to the ledger WIP Job e1, Job i2, and Job in
