Week 2 - Individual assignments - David Trejo

# Week 2 - Individual assignments - David Trejo - Week 2...

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Week 2, David Trejo, Individual assignments Job Cost Sheet JOB NO. 469 Quantity: 2,000 ITEM: White Lion Cages Date Requested: 7/2 FOR: Tesla Company Date Completed: 7/31 Direct Direct Manufacturing Date Materials Labor Overhead 10-Jul 828 12 900 15 440 528 22 380 456 24 1,600 27 1,500 31 540 648 (b) Cost of completed job: Direct materials 4828 Direct labor 1360 Manufacturing overhead 1632 Total cost 7820 Unit cost 3.91 Instructions (a) Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? (2) What is the predetermined manufacturing overhead rate? (3) What are the total cost and the unit cost of the completed job? (b) Prepare the entry to record the completion of the job. purchased, who made the purchase, who the seller was. Another source document is the actual work ticket, which indicates the hours worked and by whom. A depreciation schedule and utility bills are also examples of source documents. (b) Work in process \$7,520 E2-6 A job cost sheet of Battle Company is given below. (1) Source documents are: Invoice, which indicates that a purchase was made, the quantity (2) Predetermined manufacturing overhead rate: Overhead divided by Units produced: 1632 (3) Total cost is 7820. To find the unit cost: total cost divided by units completed: 7820 / 200

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Direct materials used \$4,828 Direct labor 1360 Manufacturing overhead applied 1632 Total manufacturing costs 7820 Total cost of work in process 15340 Less: Work in process 7520 Cost of goods manufactured \$7,820
2 divided by 2000 = 0.816 per unit. 00 = 3.91

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E2-9 At May 31, 2005, the accounts of Yellow Knife Manufacturing Company show the following: 1. May 1 inventories—finished goods \$12,600, work in process \$14,700, and raw materials \$8,200.0

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Week 2 - Individual assignments - David Trejo - Week 2...

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