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Waterways has two major public - park projects to provide with comprehensive irrigation in one of its service locations this month. Job J 5 7
Waterways has two major publicpark projects to provide with comprehensive irrigation in one of its service locations this month. Job and Job K involve acres of landscaped terrain which will require specialorder sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December.
Raw materials were requisitioned from the company's inventory on December for $; on December for $; and on December for $ In each instance, twothirds of these materials were for J and the rest for K
Six time tickets were turned in for these two projects for a total amount of hours of work. All the workers were paid $ per hour. The time tickets were dated December December and December On each of those days, labor hours were spent on these jobs, twothirds for and the rest for K
The predetermined overhead rate is based on machine hours. The estimated machine hour use for the year is hours, and the estimated overhead costs are $ for the year. The machines were used by workers on projects and on December and Six machine hours were used for project K each day and machine hours were used for project J the first day and each of the other days Both of these special orders were completed on December producing sprinkler heads for and sprinkler heads for K
Additional job order activities during this period included:
Dec. Purchased raw materials from Durbin Supply Company on account for $
Dec. Issued $ of direct materials from the company's inventory to jobs other than and J and $ of indirect materials.
Dec. Paid Waterways' factory salaries and wages for $
Dec. Paid the factory's water bill of $
Dec. Transferred $ of costs from other completed jobs to finished goods.
Dec. Paid the factory's electric bill of $ for Waterways' factory.
Dec. Made adjusting entries for the factory that included accrued property taxes of $ prepaid insurance of $
Additional job order activities during this period included:
Dec. Purchased raw materials from Durbin Supply Company on account for $
Dec. Issued $ of direct materials from the company's inventory to jobs other than and and $ of indirect materials.
Dec. Paid Waterways' factory salaries and wages for $
Dec. Paid the factory's water bill of $
Dec. Transferred $ of costs from other completed jobs to finished goods.
Dec. Paid the factory's electric bill of $ for Waterways' factory.
Dec. Made adjusting entries for the factory that included accrued property taxes of $ prepaid insurance of $ and accumulated depreciation of $
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Your answer is partially correct.
Set up the job cost sheets for Job No J and Job No K Determine the total cost for each manufacturing special order for these jobs. Round unit costs to decimal places, eg
Job No J
Job No K
Your answer is partially correct.
Set up the job cost sheets for Job No J and Job No K Determine the total cost for each manufacturing special order for these jobs. Round unit costs to decimal places, eg
tableJob No JJob No KTotal Cost,$$Unit Cost,$$
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