ob Cost Shee 469 Quantity 2,500 212 7131 NO. Date EM Lion Requested Cages Todd D
ID: 2334121 • Letter: O
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ob Cost Shee 469 Quantity 2,500 212 7131 NO. Date EM Lion Requested Cages Todd Date FOR Company Completed Direct Manufacturing Date Materials Labor Overhead 7/10700 12 900 15 440 380 550 475 24 1,600 27 1,500 31 540 675 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Source Documents Direct materials Direct labor Manufacturing overhead (2) Overhead is applied based on direct labor dollars. What is the predetermined manufacturing overhead rate? (Round answer to 0 decimal place, e.g 135.) Predetermined manufacturing (3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, e.g. 1.25.) Total cost of the completed job Unit cost of the completed job overhead rate SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the entry to record the completion of the job. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation uly 31 Debit CreditExplanation / Answer
Answer to part 1: Source Documents Direct materials Material requisition slip Direct Labor Time ticket Manufacturing Overheads Predetermined Overhead rate Answer to part 2: Predetermined manufacturing overheads Manufactuirng Overheads/Direct Labor 1700/1360 Total Direct Labor (440+380+540) 1360 Total Manufacturing Overheads (550+475+675) 1700 Predetermined manufacturing overheads 125% Answer to part 3: Total Cost of the completed Job Total Direct materials (700+900+1600+1500) 4700 Total Direct Labor (440+380+540) 1360 Total Manufacturing Overheads (550+475+675) 1700 Total Cost of the completed Job 7760 Unit cost of completed Job Number of completed Job 2500 Unit cost of completed Job (7760/2500) 3.104 Answer to part 4: Date Accounting title and explanation Debit Credit Jul-31 Finish Goods Inventory 7760 Work in process Inventory 7760
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