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Question & Answer: Submission) Job Cost Sheet JOB NO. ITEM FOR Quantity 7/2 Direct Materials Direct Labor Manufacturing Date 7/10 12 708 90…..

Submission) Job Cost Sheet JOB NO. ITEM FOR Quantity 7/2 Direct Materials Direct Labor Manufacturing Date 7/10 12 708 907 15 558 692 342 424 24 27 31 1,620 1,530 670 831 Cost of completed job Direct labor Manufacturing overhead Total cost Unit cost &Sons Ins, A Policy I
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Submission) Job Cost Sheet JOB NO. ITEM FOR Quantity 7/2 Direct Materials Direct Labor Manufacturing Date 7/10 12 708 907 15 558 692 342 424 24 27 31 1,620 1,530 670 831 Cost of completed job Direct labor Manufacturing overhead Total cost Unit cost &Sons Ins, A Policy I

Expert Answer

 

1.Direct Material. Material requisition slips

Direct labor. Time tickets

Manufacturing overhead. Predetermined overhead rate

2. Predetermined Overhead Rate = Manufacturing overhead / Direct labor = 1947 / 1570 = 124%

3. Total cost of the completed job = Direct material + Direct labor + Manufacturing overhead

=4,765 + 1,570 + 1,947 = 8,282

Unit cost of completed job = Total cost / Total units = 8,282 /2,390 = 3.4 per unit

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