Question 5 Pina's Van Service customizes light trucks according to customers' orders. This month the company worked on five jobs, numbered 207 through 211. Materials requisitions for the month were as follows: Other Ticket 207 208 209 210 211 Indirect Total costs Carpet $ 40 75 185 30 65 Paint $ 340 205 410 165 Electronics $ 575 390 205 700 50 Total $ 955 670 800 895 115 750 $ 4,185 $ 750 An analysis of the payroll records revealed the following distribution for labour costs: 207 Other 208 $ 1,200 209 $ 800 210 $ 1,800 211 $ 400 $ 1,500 Job Direct labour Indirect labour Total costs Total $ 5,700 2,200 $ 7,900 $ 2,200 Other overhead costs (consisting of rent, amortization, taxes, insurance, utilities, etc.) amounted to $3,600. At the beginning of the period, management anticipated that overhead costs would be $6,400 and total direct labour would amount to $5,000. Overhead is allocated on the basis of direct labour dollars. Jobs 207 through 210 were finished during the month; Job 211 is still in process. Jobs 207 through 209 were picked up and paid for by customers. Job 210 is still on the lot, waiting to be picked up. Calculate the total cost for each job for this month. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,125.) Job 207 4375 Job 208 3406 Job 209 2624 * Job 210 4999 Job 211 1027 LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is correct. Calculate the overapplied or underapplied overhead. Overhead 746 overapplied x Your answer is incorrect. Try again. Suppose that a customer who has just started a catering service wants to customize her truck but has a limited budget for the job. Estimated paint, electronics, and materials for containers to keep food cold or warm amounts to $1,640. Direct labour is estimated to be $1,200. The customer's budget is $2,780, but she is hoping that the delivery service will be successful so that she can order more trucks in the next several years. Calculate the minimum price that would be acceptable if there is ample capacity to accept the job. Minimum price 4253 LINK TO TEXT LINK TO TEXT LINK TO TEXT