Question
so i need answers i started but im kinda confused as to how to continue now Job Costin Problem: Flag LLC manufactures super Bowl fl
so i need answers i started but im kinda confused as to how to continue now
Job Costin Problem: Flag LLC manufactures super Bowl fl started work on Job 505, which invol Per flag. The following job order costs were incurred on job 505: ags for corporate sponsors. On February 1, 2018, the company Ves making 400 flags for Sponsor LLC at an agreed price of $20 2/1 2/10 2/15 Labor work number Date Materials re uisition number 2/2 2/2 Cost descri tion 10 hours of cuttin $12.50 er hour 7 hours of stitchin $15 er hour 2 hours of hand ins ection $20 er hour Cost descri tion 15 feet of 01 ester er fla $0.375 er foot of material 20 inches of cotton er fla $0.25 evinch of cotton Flag allocates indirect manufacturing overhead to jobs using a predetermined overhead rate based upon direct labor hours. The company has estimated that total manufacturing overhead fov 2018 XNN be $100, 000 and total estimated direct labor cost will be $50,000 and will use 5,000 hours of direct labor. Required: (a) Calculate the company's predetermined overhead allocation vate fov 2018. (b) Complete the job order cost sheet for Job 505
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started