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Need solutions for questions 18.01 through 18.04. To keep records of the actual cost of a special order job, a Job Order Cost System has

Need solutions for questions 18.01 through 18.04.

To keep records of the actual cost of a special order job, a Job Order Cost System has been developed.
Overhead is applied at the rate of 50% of the direct labor cost.
Job Order Costing Section
On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The
job called for 4,000 customized lamps. The following set of transactions occurred from
January 5 until the job was completed:
5-Jan Purchased 4,100 figurines @ $9.75 per figurine.
6-Jan Purchased 4,175 sets of electical components @ $1.25 per set.
7-Jan Purchased 4,000 lamp shades @ $6.70 per set.
8-Jan 4,100 figurines were requisitioned.
9-Jan 4,150 sets of electrical components were requisitioned.
17-Jan Payroll of 600 Direct Labor Hours @ $9.40 per hour.
28-Jan 3,990 lamp shades were requisitioned
30-Jan Payroll of 650 Direct Labor Hours @ $9.65 per hour.
30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were
used or scra-pped, and are a cost of normal processing.
Month End Overhead Information
Actual Variable Manufacturing Overhead $1,175.00
Actual Fixed Manufacturing Overhead $40,373.45
Round to six places, $##.######
Cost of Direct Material Incurred in Manufacturing Job 2407
{18.01}
Cost of Direct Labor Incurred in Manufacturing Job 2407
{18.02}
Cost of Manufacturing Overhead Applied to Job 2407
{18.03}
Cost of manufacturing one lamp
{18.04}

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