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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
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 Direct labour $ 12,500 $8,000 $2,500 $5,200 $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?
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