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On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress)
On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 43% of direct materials costs. During the month, the jobs used direct materials as shown below Direct materials used Job 1 Job Job 3 $6,900 $0.900 $3,400 During the month, the jobs used direct labor as shown below, Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March Direct labor used Job 1 Job 2 Job $9.300 55,600 54,600 1. Determine the amounts of direct materials, direct labor and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March 2. Determine the total dollar amount of Work in Process Inventory at the end of March 3. Determine the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work in Process or Finished Goods inventories Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the amounts of direct materials, direct labor, and factory overhead appiled that would be reported on job cost sheets for each of the three jobs for March JOB COST SHEET Job 1 Job 2 Job Direct materials Direct labor Factory overhead Total $ 0 $ 0 $ 0 On March 1a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each Job (dress) at the rate of 43% of direct materials costs. During the month, the jobs used direct materials as shown below Direct materials used Job Job 2 Job 56,900 $8,900 $3,400 During the month, the jobs used direct labor as shown below, Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March Direct labor used Job Job 2 Job 3 59,300 $5,600 $4,600 1. Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on Job cost sheets for each of the three jobs for March 2. Determine the total dollar amount of Work in Process Inventory at the end of March 3. Determine the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work in Process or Finished Goods Inventories. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Work in Process Inventory at the end of March Ending work in process inventory overhead to each job (dress) at the rate of 43% of direct materials costs. During the month, the jobs used direct materials as shown Sy w ordercosung and applies below Direct materials used Jobi Job 2 Job 16,900 $0.900 35,400 During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March and Job 2 is finished but not sold by the end of March Direct labor used Job Job 2 Job 3 59,300 $5,600 $4,600 1. Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March 2. Determine the total dollar amount of Work in Process Inventory at the end of March 3. Determine the total dollar amount of Finished Goods Inventory at the end of March Assume the company has no beginning Work in Process or Finished Goods inventories. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work in Process or Finished Goods inventories Finished goods inventory
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