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

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Unformatted text preview: E2-6A job cost sheet of Battle Company is given below.Job Cost SheetJob No. 469Quantity 2,000Item White Lion CagesDate Requested 7/2For Tesla Company Date Completed 7/31DateDirect MaterialsDirect LaborManufacturing Overhead7/10828129001544052822380456241,600271,50031540648Cost of completed job:Direct materialsDirect laborManufacturing overheadTotal costUnit costInstructions(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 SlipsLabor Time TicketsPredetermined 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 4,828Direct Labor Total cost1,360MFG overhead total cost1,632Total Cost7,820Unit Cost39.10(b)Prepare the entry to record the completion of the job.July 3Finished goods inventory7,820Work in process inventory7,820(to record completion of job no. 469)E2-9 At May 31, 2005, the accounts of Yellow Knife Manufacturing Company show the following.1.May 1 inventoriesfinished goods $12,600, work in process $14,700, and raw materials $8,200.2.May 31 inventoriesfinished 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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week 2 invidual - E2-6A job cost sheet of Battle Company is...

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