week 2 invidual - E2-6 A job cost sheet of Battle Company...

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E2-6 A job cost sheet of Battle Company is given below. Job Cost Sheet Job No. 469 Quantity 2,000 Item White Lion Cages Date Requested 7/2 For Tesla Company Date Completed 7/31 Date Direct Materials Direct Labor Manufacturing Overhead 7/10 828 12 900 15 440 528 22 380 456 24 1,600 27 1,500 31 540 648 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost
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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? Materials Acquisition Slips Labor Time Tickets Predetermined Overhead Rate (2) What is the predetermined manufacturing overhead rate? Estimated Annual Overhead Cost / Expected annual operating activity = Predetermined overhead rate (3) What are the total cost and the unit cost of the completed job? Direct MTL Total Cost 4,828 Direct Labor Total cost 1,360 MFG overhead total cost 1,632 Total Cost 7,820 Unit Cost 39.10 (b) Prepare the entry to record the completion of the job. July 3 Finished goods inventory 7,820 Work in process inventory 7,820 (to record completion of job no. 469)
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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. 2. May 31 inventories—finished goods $11,500, work in process $17,900, and raw materials $7,100. 3. Debit postings to work in process were: direct materials $62,400, direct labor $32,000, and manufacturing overhead applied $48,000.
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