Answered step by step
Verified Expert Solution
Question
1 Approved Answer
part b only. thanks Question 6 of 8 5/10 View Policies Show Attempt History Current Attempt in Progress A job cost sheet of Blossom Company
part b only. thanks
Question 6 of 8 5/10 View Policies Show Attempt History Current Attempt in Progress A job cost sheet of Blossom Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2,000 ITEM White Lion Cages Date Requested 7/2 FOR Todd Company Date Completed 7/31 Direct Materials Direct Labor Manufacturing Overhead Date 7/10 700 12 900 15 400 480 22 300 360 24 1,680 27 1,520 31 500 600 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Source Documents Direct materials Materials requisition slips Direct labor Time tickets Manufacturing overhead Predetermined overhead rate (2) Overhead is applied on the basis of direct labor cost. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate 120 % (3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, e.g. 1.25.) Total cost of the completed job $ 7440 Unit cost of the completed job $ 3.72 (b) Prepare the entry to record the completion of the job on July 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 e Textbook and Media List of Accounts Assistance UsedStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started