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The following information was contained on the materials and labor sheets for Job 316 for Lansing Bikes. Code M represents a requisition for materials, and
The following information was contained on the materials and labor sheets for Job 316 for Lansing Bikes. Code M represents a requisition for materials, and L represents a time ticket. Management is using an overhead rate of 125% of direct labor. | |||||||
1. The job cost sheet | |||||||
Date | Document | Amount | |||||
4/1 | L-4521 | $ | 2,540 | ||||
4/5 | M-2150 | 750 | |||||
4/7 | L-4533 | 3,250 | |||||
4/12 | M-2167 | 980 | |||||
4/17 | M-2182 | 250 | |||||
Determine the total cost on the job cost sheet for Job 9-1005. | |||||||
Job cost sheet: Job 316 | |||||||
Direct Materials | Direct labor | Overhead | Total cost | ||||
Date | Req. # | Amount | Time ticket | Amount | Costs applied | ||
Totals | |||||||
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