this is what i need to do
using this information
thank you for all the help, ill give positive feedback !
Create a Blank Job Cost Card for your company. Use your textbook for a basic sample. Add to this job cost card the vendors used, and previous month cost. (2 pts) Create three jobs (select from your customers above) one that has not been completed and remains in Work In Process and two that are finished and in Finished Goods. Complete a job cost card for each of the three jobs. (5 pts) Run these three jobs through t-accounts. Use accounts: Raw Materials, Work in Process, Finished Goods, Overhead, Cost of Goods Sold, Sales, and Accounts Receivable. Include Job t-accounts. Hand written is acceptable. (5 pts) Flow of Costs t- accounts Company Work in Process Finished Goods Raw Materials Overhead Labor Cost of Goods Sold Accounts Receivable Sales Selling & Administrative Job Subsidiary Ledger Job 1 Job 2 Job 3 DM OH Material Direct Indirect Quantit Cost per y per unit unit Total per unit Sell&Ad m Per Year 1 LBS Pork Shoulder $3.50 $3.50 Garlic 5ml $0.38 5ml $0.38 Salt 20ml $0.57 20ml $0.57 5ml Sodium Ascorbate $0.15 5ml $0.15 Sugar 0.7oz $0.03 0.7oz $0.03 Water 1 cup $0 0 $0 Customize 7x7" $0.04 7x7" $0.04 de Salt 20ml $0.57 20ml $0.57 5ml Sodium Ascorbate $0.15 5ml $0.15 Sugar 0.7oz $0.03 0.7oz $0.03 Water 2 cup $0 $0 7x7" $0.04 Customize d Vacuum 7x7" $0.04 bag Total $4.63 *Unit: 10 hot dogs Labor Cutting Machines Cooking Machines Packaging machines weighing machines Workers 1 supervisor Monthly Job Description Hours* Rate** per hour Total Cost Direct$ Indirect Sell&Adm Supervisor Worker 1 Worker 2 Total 160.00 $15.00 $2,400.00 $2,400.00 $11.00 $1,760.00 $1,760.00 160.00 $11.00 $1,760.00 $1,760.00 $5,920.00 $3520 $2,400.00 Total cost for workers per month $5,920.00. Table 3: Assets Depreciation Asset Annual Dep Cost Life Overhead S&A 10 Meat Grinder $399.99 Meat Mixer $299.99 Packaging Machine $2,530.00 $39.99 $29.99 $253.00 Cost Description Fixed Cost Cost Per per Month Unit Annual Amount Indirect Materials $150 $1800 Indirect Labor $2400 $28500 Depreciation $26.92 $323.04 Rent $6,000 $72000 Utilities $500 $6000 Total $108,923.04 Fixed Variable Total Annual Monthly cost cost Dollars Fixed Monthly Cost Variable Cost Total Annual Dollar Selling Costs Commission $9,621.50 $9,621.50 Advertising Material $500 $500 Labor $2,000 $2,000 Labor $36 $36 Total $2,536 $9,621.50 $18,053.50 *Commission: 2% of Gross Profit (6-4.72)x1440lbs 261 working days Materials: Sales/Delivery Car & Insurance Create a Blank Job Cost Card for your company. Use your textbook for a basic sample. Add to this job cost card the vendors used, and previous month cost. (2 pts) Create three jobs (select from your customers above) one that has not been completed and remains in Work In Process and two that are finished and in Finished Goods. Complete a job cost card for each of the three jobs. (5 pts) Run these three jobs through t-accounts. Use accounts: Raw Materials, Work in Process, Finished Goods, Overhead, Cost of Goods Sold, Sales, and Accounts Receivable. Include Job t-accounts. Hand written is acceptable. (5 pts) Flow of Costs t- accounts Company Work in Process Finished Goods Raw Materials Overhead Labor Cost of Goods Sold Accounts Receivable Sales Selling & Administrative Job Subsidiary Ledger Job 1 Job 2 Job 3 DM OH Material Direct Indirect Quantit Cost per y per unit unit Total per unit Sell&Ad m Per Year 1 LBS Pork Shoulder $3.50 $3.50 Garlic 5ml $0.38 5ml $0.38 Salt 20ml $0.57 20ml $0.57 5ml Sodium Ascorbate $0.15 5ml $0.15 Sugar 0.7oz $0.03 0.7oz $0.03 Water 1 cup $0 0 $0 Customize 7x7" $0.04 7x7" $0.04 de Salt 20ml $0.57 20ml $0.57 5ml Sodium Ascorbate $0.15 5ml $0.15 Sugar 0.7oz $0.03 0.7oz $0.03 Water 2 cup $0 $0 7x7" $0.04 Customize d Vacuum 7x7" $0.04 bag Total $4.63 *Unit: 10 hot dogs Labor Cutting Machines Cooking Machines Packaging machines weighing machines Workers 1 supervisor Monthly Job Description Hours* Rate** per hour Total Cost Direct$ Indirect Sell&Adm Supervisor Worker 1 Worker 2 Total 160.00 $15.00 $2,400.00 $2,400.00 $11.00 $1,760.00 $1,760.00 160.00 $11.00 $1,760.00 $1,760.00 $5,920.00 $3520 $2,400.00 Total cost for workers per month $5,920.00. Table 3: Assets Depreciation Asset Annual Dep Cost Life Overhead S&A 10 Meat Grinder $399.99 Meat Mixer $299.99 Packaging Machine $2,530.00 $39.99 $29.99 $253.00 Cost Description Fixed Cost Cost Per per Month Unit Annual Amount Indirect Materials $150 $1800 Indirect Labor $2400 $28500 Depreciation $26.92 $323.04 Rent $6,000 $72000 Utilities $500 $6000 Total $108,923.04 Fixed Variable Total Annual Monthly cost cost Dollars Fixed Monthly Cost Variable Cost Total Annual Dollar Selling Costs Commission $9,621.50 $9,621.50 Advertising Material $500 $500 Labor $2,000 $2,000 Labor $36 $36 Total $2,536 $9,621.50 $18,053.50 *Commission: 2% of Gross Profit (6-4.72)x1440lbs 261 working days Materials: Sales/Delivery Car & Insurance
