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Q1.Assume that One of a Kind uses job-order costing. What is the total direct materials cost for job #44? Q2.What is the total direct labour
Q1.Assume that One of a Kind uses job-order costing. What is the total direct materials cost for job #44?
Q2.What is the total direct labour cost for job #44?
Q3.What is the budgeted overhead rate per labour hour used by One of a Kind?
Q4.How much overhead should be applied to job #44?
Q5.What is the total cost of job #44?
One of a Kind Dolls One of a Kind Dolls is a small company that produces custom wooden dolls for children. They receive an order for 10 dolls from a local toy store. This job took one month to complete and the job code was 44. The following transactions occurred during the production of the dolls: MAY 3d- Wood was ordered and received for the 10 dolls. Materials requisition M48 was generated for $250 MAY 4tTextiles for the doll clothing was ordered and received. Materials requisition M51 was generated for $100 MAY 7th-Employee #4 worked on the dolls for one afternoon. Labour time ticket L23 was generated for $115% MAY 10th-Employee #2 worked on the dolls for an entire day. Labour time tickets L27 was generated for $230. MAY 15th Additional textiles were deemed necessary for the doll clothing. Material requisition M55 was generated for $75. MAY 22nd-Employee #4 worked on the dolls for an afternoon. Labour time ticket L32 was generated for $115.+ MAY 30th-Overhead was applied to the project. One of a Kind estimates overhead costs of $16,000 for the year. They use labour hours as a cost driver. They estimate 5,000 labour hours for the year. This job should take 12 labour hoursStep by Step Solution
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