uses job-cost records for various research projects. A major reason for such records is to justify requests for reimbursement of costs on projects sponsored by the federal government. Consider the following summarized data regarding a cancer research project in the Medical School:

Research associates receive $30 per hour, while assistants receive $11. The overhead rate is 110% of direct-labor cost.

	March 5	Direct materials, various medical supplies, $1,300
	March 7	Direct materials, various chemicals, $1,160
	March 5-12	Direct labor, research associates, 115 hours
	March 7-12	Direct labor, research assistants, 190 hours

Begin by completing the direct materials section, then the direct labor section and finally complete the project overhead section. (Leave unused cells blank.)

Job cost record:

Cancer Research Project Medical School

Date started

Mar 5

Reference

Date

Quantity

Unit cost

Amount

Summary

Direct Materials:

Direct Labor:

Project Overhead:
				%
				%
Total Cost