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Rob Order Costing - Job Balances This company uses a JOB ORDER cost system. The following data summarize the operations related to production for April,

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Rob Order Costing - Job Balances This company uses a JOB ORDER cost system. The following data summarize the operations related to production for April, the first month of operations. Finish the Completed Jobs Table and the T-accounts. (Fill in all answer boxes. Use o if you believe there should not be a number in a box.) 1.) Materials Requisitioned II.) Factory Labor for Month Job Materials Job Labor DL Hours No. 506 No. 506 $2,900 110 hrs $3,100 $4,200 No. 507 No. 507 $4,500 170 hrs Indirect $600 Indirect $2,200 Total Total $7.900 $9,600 280 hrs III.) Factory Overhead costs incurred on account, $1,825 IV.) The Factory Overhead rate is $15.00 per Direct Labor Hour Completed Jobs Table: Job DM DL FOH Total No. 506 $3,100 $2,900 No. 507 $4,200 $4,500 V.) Only Job No. 506 was COMPLETED and transferred to Finished goods in the month Use the T-Accounts below to reflect transactions I through V above Raw Materials Factory Overhead Beginning 10,000 Indirect Material Requisitioned Indirect Labor Completed Jobs Tables Job DM DL FOH Total No. 506 53,100 $2.900 No. 507 $4,200 $4,500 V.) Only Job No. 506 was COMPLETED and transferred to Finished goods in the month Use the T-Accounts below to reflect transactions I through V above Raw Materials Factory Overhead Beginning 10,000 Indirect Material Requisitioned Balance Indirect Labor Other FOH Applied Balance Work In Process Finished Goods Direct Material Transfer IN Direct Labor Applied FOM Transfer OUT Balance Previous

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