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Precision Automobile Repair Shop (PARS), Inc., received a damaged automobile for repair. PARS incurred the

following expenses to repair the damaged automobile.

Spare parts...................................................$1,000

Direct labor associated with the repairs (200 hours at $30 per hour)

Allocated rent....................................................$500

Allocated foreman wages..................................2,000

Spoilage/damaged spare parts............................800

Direct materials................................................1,500

Estimated fee/profit is 25% of total direct labor and direct materials

Other direct costs - bolts...................................1,700

Applied Advertising cost....................................2,300


Prepare a job cost statement for the damaged automobile.

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