To keep records of the actual cost of a special order job, a Job Order Cost System has been developed.
Overhead is applied at the rate of 50% of the direct labor cost.
Job Order Costing Section
On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The
job called for 4,000 customized lamps. The following set of transactions occurred from
January 5 until the job was completed:
	5-Jan	Purchased 4,025 Lamp Kits @ $16.75 per kit.
	9-Jan	4,075 sets of Lamp Kits were requisitioned.
	17-Jan	Payroll of 570 Direct Labor Hours @ $9.40 per hour.
	30-Jan	Payroll of 620 Direct Labor Hours @ $9.65 per hour.
	30-Jan	3,990 lamps were completed and shipped. All materials requisitioned were
		used or scrapped, and are a cost of normal processing.
	Month End Overhead Information
	Actual Variable Manufacturing Overhead				$ 1,213.80
	Actual Fixed Manufacturing Overhead				$ 39,623.45

I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $45.00 $30.00 $ 1,125,000.00 750,000.00 $ 375,000.00 Sales 25,000 lamps @ Cost of Goods Sold @ Gross Profit Selling Expenses: Fixed Variable (Commission per unit) @ Administrative Expenses: Fixed Variable @ Total Selling and Administrative Expenses: Net Profit $3.00 $ 23,000.00 75,000.00 $ 98,000.00 $2.00 $ 42,000.00 50,000.00 92,000.00 $ 190,000.00 185,000.00 Round to two places, $#.# Cost of Direct Material Incurred in Manufacturing Job 2407 {13.01} Cost of Direct Labor Incurred in Manufacturing Job 2407 {13.02} Cost of Manufacturing Overhead Applied to Job 2407 {13.03} Cost of manufacturing one lamp {13.04