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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

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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 $1,750 W-3393 1,100 Q-4725 1,500 W -3479 950 W-3559 880 Determine the total cost on the job cost sheet for Job 9-1005. JOB COST SHEET: Job 9-1005 Direct Materials Direct Labor Requisition No. Amount Time-Ticket No. Amount Total Cost Overhead Costs Applied Date 07/01 07/05 07/10 Q-4698 W-3393 Starr Company reports the following inforn for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $77,4ee $50,800 $21,650 130% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet Record raw materials purchased on account. Journal entry worksheet Record the entry to assign direct materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) Total Cost JOB COST SHEET Customer's Name: Keiser Co. Job No: 13-56 Job Description: 5 plasma monitors 61 inch Direct Materials Direct Labor Overhead Date Requisition No. Amount Time-Ticket No. Amount Costs Applied Mar. 8 4-129 $ 4,000 T-306 $ 620 Mar. 11 4 -142 7.150 T-432 1.330 Mar. 184 - 167 3 ,350 T-456 1,310|

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