Question
Sweet Wave was able to secure some large orders to supply bakery goods for a special event. The company labled the event G52. This project
Sweet Wave was able to secure some large orders to supply bakery goods for a special event. The company labled the event G52. This project will require special order cakes. Sweet Wave decided to use a job cost system to produce the cakes. The following information relates to G52 for 20X6.
December 2: Raw materials were requisitioned from the company’s inventory for $3,374
December 8: Raw materials were requisitioned for $706
December 14: Raw materials were requisitioned for $2,306
Payroll:
Time worked on these two projects were recorded electronically by employees. The total amount of hours worked on the projects were as follows:
Employees that are paid $16.50 per hour worked 12 hours on the project. The time tickets were dated December 3, December 9, and December 15.
On each of those days, 4 labor hours were spent on the job.
Sweet Wave Bakery has decided to allocate overhead based on the machine hours. The expected machine hour use for the year is 2,112 hours, and the anticipated overhead costs are $840,576 for the year.
The machines were used by workers on project G52 on December 3, 9, and 15.
8.5 machine hours were used for project G52 (2.5 (enter in this format in the job cost sheet) the first day and 3 each of the other days). The special order was completed on December 15, producing 237 cakes for G52.
(a) Set up the job cost sheet for Job No. G52. Determine the total cost and total unit cost for this special order. (Round unit cost to nearest cent). Do not use dollar signs or commas.
JOB COST SHEET | |||||||
Job Number G52 | Quantity 237 units Date Requested Dec 2 | ||||||
Date Completed Dec 15, 20X6 | |||||||
Item Custom Cakes | |||||||
Direct | Direct | Manufacturing Overhead | |||||
Date | Materials | Labor | |||||
Hours | Rate | Amount | |||||
2-Dec | $ Answer | ||||||
3-Dec | $Answer | Answer | $Answer | $Answer | |||
8-Dec | $Answer | ||||||
9-Dec | $Answer | Answer | $Answer | $Answer | |||
14-Dec | $Answer | ||||||
15-Dec | $Answer | Answer | $Answer | $Answer | |||
Cost Summary | |||||||
Direct materials | $Answer | ||||||
Direct labor | $Answer | ||||||
Manufacturing overhead | $Answer | ||||||
Total Cost | $Answer | ||||||
Unit Cost | $Answer |
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