Question
PLEASE help ASAP!!! To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is
PLEASE help ASAP!!! | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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.
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5-Jan | Purchased 4,050 Lamp Kits @ $16.55 per kit. | ||
9-Jan | 4,075 sets of Lamp Kits were requisitioned, including all those in the Beginning Inventory. | ||
17-Jan | Payroll of 620 Direct Labor Hours @ $9.65 per hour. | ||
30-Jan | Payroll of 670 Direct Labor Hours @ $9.90 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. | ||
Round to two places $##.## |
Cost of Direct Material Incurred in Manufacturing Job 2407: | ||||||
Cost of Direct Labor Incurred in Manufacturing Job 2407: Cost of Manufacturing Overhead Applied to Job 2407:
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