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Unformatted text preview: E2-6 A job cost sheet of Battle Company is given below.Job Cost SheetQuantity2,000DirectDirectManufacturingDateMaterialsLaborOverhead7/10828129001544052822380456241,600271,50031540648Cost of completed job:Direct materials4,828Direct labor1,360Manufacturing overhead1,632Total cost7,820Unit cost3.91(a) Answer the following questions.(1) What are the source documents for direct materials, direct labor, and manufacturingoverhead costs assigned to this job?Direct materials - materials requisition slipsDirect labor - labor time ticketsManufacturing overhead - predetermined overhead rate.(2) What is the predetermined manufacturing overhead rate?120%(3) What are the total cost and the unit cost of the completed job?Total cost:7,820Unit cost:3.91(b) Prepare the entry to record the completion of the job.GENERAL JOURNAL Date Account Titles and Explanation Debit Credit Jul 31 Finished Goods Inventory 7,820 Work in Process Inventory 7,820 (To record completion of Job No. ) JOB NO. 469ITEM White Lion CagesDate Requested 7/2FOR Tesla CompanyDate Completed 7/31E2-9 At May 31, 2005, the accounts of Yellow Knife Manufacturing Company show thefollowing.1. May 1 inventoriesfinished goods $12,600, work in process $14,700, and raw materials8,2002. May 31 inventoriesfinished goods $11,500, work in process $17,900, and raw materials7,1003. 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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