Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code
The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date 7/1 7/1 7/5 7/5 7/10 Document Amount Q-4698 $1,300 W-3393 650 Q-4725 1,050 W-3479 500 W-3559 350 Determine the total cost on the job cost sheet for Job 9-1005. JOB COST SHEET: Job 9-1005 Direct Materials Direct Labor Total Cost Overhead Costs Applied Amount Amount Requisition No. Time Ticket No. Date 107/01 07/05 07/10 0-4698 10-4725 $ 1.300 W-3393 1.050 W-3479 W-3559 S 2350 5 650 500 350 5 1.500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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