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steps in figuring out job costing To keep records of the actual cost of a special order job, a Job Order Cost Systern has been

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To keep records of the actual cost of a special order job, a Job Order Cost Systern has been developed, Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section: January 1, 2017, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: January5January6Purchased4,150figurines($9.35perfigurine.Purchased4,250setsofelectricalcomponents January 6 Purchased 4,250 sets of electrical components @ $1.35 per set. January 84,100 figurines were requisitioned. January 94,225 sets of electrical components were requisitioned. January 17 Payroll of 570 Direct Labor Hours (B) $9.70 per hour. January 283,990 lamp shades were requisitioned. January 30 Payroll of 620 Direct Labor Hours @ $9.95 per hour. January 303,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing

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