Unformatted text preview: $ Valve cover #11245 2 units $140 each 140.00 $ Tape indirect material 1 roll $3 per roll 3.00 $ Circuit board indirect material 1 unit $940 each 940.00 $ Tie rod #11305 4 units $156 each 624.00 $ Washers indirect material 10 units $0.10 each 1.00 $ (a) Examine the materials requisition form and find two errors. What is the importance of correctly accumulating materials cost by job? How does the materials requisition form track to the cost assignment process? (b) How much of Melissa's material (after making the correction) is attributable to direct material and how much to overhead? How does the direct material cost get assigned to individual jobs, and how does the overhead cost get allocated?...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11