Job cost sheets for Yoda Manufacturing are as follows: Job No 210 Quantity 1,500
ID: 2452408 • Letter: J
Question
Job cost sheets for Yoda Manufacturing are as follows:
Job No210 Quantity 1,500
Date DirectMaterials DirectLabor Overhead
July 1 7,000 8,000 12,000
8 8,500
10 11,000
15 5,500
25 14,000
Job No211 Quantity 1,200
Date DirectMaterials DirectLabor Overhead
July 1 4,000 6,000 9,000
10 9,000
15 8,000
20 7,000
27 12,000
Part a: What was the balance in Work in Process Inventory onJuly 1 if these were the only
unfinished jobs?
Part b: What was the predetermined overhead rate in June ifoverhead was applied on the basis of direct labor cost?
Part c: If July is the start of a new fiscal year and theoverhead rate is 20% higher than in the preceding year, how muchoverhead should be applied to Job 210 in July?
Part d: Assuming Job 210 is complete, what is the total and unitcost of the job?
Part e: Assuming Job 211 is the only unfinished job at July 31,what is the balance in Work in
Process Inventory on this date?
Explanation / Answer
a. Balance in Work inProcess Inventory
Job 210
Job 211
Total
21000 / 59000
21000 * 1.2
Job 210
66000 / 1500
a. Balance in Work inProcess Inventory
Job 210
Job 211
Total
Total Direct Material 21,000.00 20,000.00 41,000.00 Toatal Direct Labor Cost 33,000.00 26,000.00 59,000.00 Total Overhead 12,000.00 9,000.00 21,000.00 TotalBalance 66,000.00 55,000.00 121,000.00 b21000 / 59000
PredeterminedOverhead rate inJune 35.59% c Over head to be applied in21000 * 1.2
July Over head to be appliedin 25200 July d Total Cost of Job 210Job 210
Total Direct Material 21,000.00 Toatal Direct Labor Cost 33,000.00 Total Overhead 12,000.00 TotalBalance 66,000.00 Unit Cost66000 / 1500
UnitCost 44 e Balance in WIP inventory Job 211 Total Direct Material 20,000.00 Toatal Direct Labor Cost 26,000.00 Total Overhead 9,000.00 TotalBalance 55,000.00Related Questions
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