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Solve through 13.01-13.04 with steps and answers for each one Round to two places, Cost of Direct Material Incurred in Manufacturina . Inh 27 Cost
Solve through 13.01-13.04 with steps and answers for each one
Round to two places, Cost of Direct Material Incurred in Manufacturina . Inh 27 Cost of Direct Labor Incurred in Manufacturing . Inh 27 {13.02} Cost of Manufacturinn Overhead nnliad tn Inh 217 Cost of manufacturinn nne lamn To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Dverhead is applied at the rate of 50% of the direct labor cost. ob Order Costing Section n January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The b called for 4,000 customized lamps. The following set of transactions occurred from anuary 5 until the job was completed: 5-Jan Purchased 4,025 Lamp Kits @ \$16.25 per kit. 9-Jan 4,075 sets of Lamp Kits were requisitioned, including all those in the Beginning Inventory. 17-Jan Payroll of 560 Direct Labor Hours @ \$9.45 per hour. 30-Jan Payroll of 610 Direct Labor Hours @ \$9.70 per hour. 30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processingStep by Step Solution
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