E2-6 - normal activity =1,632/2,000 =$0.82 Predetermined...

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Ch 2 – E2-6 (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? The source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job are the material requisition slips, the labor time tickets, and the assignment of manufacturing overhead to jobs. (2) What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate = Budgeted fixed factory overhead/
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Unformatted text preview: normal activity =1,632/2,000 =$0.82 Predetermined manufacturing overhead rate = $0.82 (3) What are the total cost and the unit cost of the completed job? Cost of completed job: Direct Materials 4,828 Direct Labor 1,360 Manufacturing Overhead 1,632 Total Cost $7,820 Unit Cost = $3.91 (7,820/2,000) (b) Prepare the entry to record the completion of the job. July 31 Finished Goods Inventory 7,820 Work in Progress Inventory 7,820 (To record completion of job #469)...
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This note was uploaded on 09/20/2008 for the course ACC 349 taught by Professor Christie during the Spring '08 term at University of Phoenix.

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