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need to solve for 13.01- 13.04 (first pic is of the problem set, rest of the pics are other necessary info) To keep records of
need to solve for 13.01- 13.04 (first pic is of the problem set, rest of the pics are other necessary info)
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 4,125 Lamp Kits$16.30 per kit. 9-Jan 4,200 sets of Lamp Kits were requisitioned. 17-Jan Payroll of 590 Direct Labor Hours$9.55 per hour. 30-Jan Payroll of 640 Direct Labor Hours $9.80 per hour. 30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Actual Variable Manufacturing Overhead Actual Fixed Manufacturing Overhead $ 1,107.00 $ 40,123.45 Round to two places, Cost of Direct Material Incurred in Manufacturing Job 2407 13.01 Cost of Direct Labor Incurred in Manufacturing Job 2407 13.02 Cost of Manufacturing Overhead Applied to Job 2407 13.03 Cost of manufacturing one lam 13.04Step by Step Solution
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