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With this information here need help filling out the record sheet, please show work on how you get the calculations ABC company manufactures plates. ABC
With this information here
ABC company manufactures plates. ABC uses job order costing. On January 1st, ABC began production of 1,000 plates, Job 1, for the customer Friendly Plates. The selling price is $10.00 per plate. ABC will deliver the plates to Friendly Plates on January 10th. ABC incurred the following costs: Date Labor Time Description Amount 1/02 1/04 600 656 20 hrs @ $40 per hr 30 hrs at $25 per hr Date Amount Mat. Requistion # Description 30lbs of glazed earthware @ $15 per lb 21 30 lbs of porcelain @ 211 perb 15 lbs of stoneware @ $45 per lb 1702 1703 1704 20 ABC allocates overhead based on the relation between estimated overhead and estimated direct labor hours. The estiamated overhead is $450,000. The estimated labor hours is 4,500 labor hours. Job Number Customer Job Description 1 Friendly Plates 1,000 Plates Direct Materials Manufacturing Overhead Direct Labor Time Record Number 600 Amount Amount Rate Amount Requisition Number 20 21 22 Date 1/2 Date 1/02 1/03 1/04 Date 1/4 1/4 656 Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Unit Cost Accounts and Explanation Debit Credit Date Jan. 4 4 4 Accounts and Explanation Debit Date Jan. 10 Credit 10 10 need help filling out the record sheet, please show work on how you get the calculations
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