Question 6 options:

Entry Rules:

For dollars round to the nearest DOLLAR.

Examples:

If your answer is $504.472, enter 504

If your answer is $504.626, enter $505

If your answer is $504.00, enter 504

Never enter $ or , when inputting numerical answers

QUESTION:

Rosie designs jewelry for various clients along Bloor Street. On December 1, Job 10 was in process with costs to date of $15,000. During December Jobs 11, 12, and 13 were started. Data on costs added during December for all jobs are as follows:

	Job 10	Job 11	Job 12	Job 13
Balance December 1	$ 15,000	$ -	$ -	$ -
Direct materials	$ 12,500	$ 8,000	$ 2,500	$ 5,200
Direct labour	$ 16,000	$ 9,800	$ 4,200	$ 8,900

Overhead is applied at the rate of 90% of direct labour costs.

Jobs are sold at cost plus 45%.

Job 11 was completed and sold on December 30. All other jobs are still in process.

Use the above information to answer the following questions.

What is the total cost of Job 10 on December 31?

HINT: remember to include all the manufacturing costs!

What is the total cost of Job 11 on December 30, when it was completed and sold?

HINT: remember to include all the manufacturing costs!

What is the total cost of Job 12 on December 31?

HINT: remember to include all the manufacturing costs!

What is the total cost of Job 13 on December 31?

HINT: remember to include all the manufacturing costs!

What is the balance in the Work in Process account at December 31? Remember, Job 11 was sold on December 30!

What is the price that was charged to the customer for Job 11?