st of a Manufactured Product- Job Costing System Robert Perez is a contractor sp
ID: 2516438 • Letter: S
Question
st of a Manufactured Product- Job Costing System Robert Perez is a contractor specializing in custom-built Jacuzzis Aow. Perez uses Perez has incurred the following costs for each of the jobs list the Job Order Cost system. in custom-built Jacuzzis. As of May 1, 2016, STINER ALTON HERMAN DM S 2800 2,132 1,599 DM 2,20 DL. FOH TOTAL: $ 4,579 s 1,150 L. FOH DL FOH TOTAL: 2550 1,348 TOTAL: 6,531 the During May, Perez incurs the following costs below. Perez begins one jobdurmonth month of May (Smith) and completes the other three during the coursehe basis of (Stiner, Alton, and Herman). Factory Overhead is charged to jobs on the S.75 per dollar of direct labor hours. of the month FOH MATERIALS REQUISITIONS TIME TICKETS (APPLIED) STINER$ ALTONS HERMANS SMITH S 420.00 $ 66000 S 460.00 1,400.00 1,348.00 2,48000 S 1,900.00 $ Determine the total cost of each of the completed jobs in the space below HERMAN DM DL FOH TOTAL: S ALTON STINER DM DL FOH TOTALE DM DL FOH TOTALExplanation / Answer
Total cost of completed Job
STINER
ALTON
HERMAN
DM
$3,220
$2,880
$3,630
DL
$2,592
$2,748
$2,148
FOH
$1,944
$2,061
$1,611
TOTAL
$7,756
$7,689
$7,389
WORKING:
JOB
Direct Materials (DL)
Direct Labor (DL)
Factory Overhead (FOH)
Total
STINER
Beginning Cost
$2,800
$2,132
$1,599
$6,531
Cost incurred during May
$420
$460
$345
(460*0.75)
$1,225
Total Cost
$3,220
$2,592
$1,944
$7,756
ALTON
Beginning Cost
$2,220
$1,348
$1,011
$4,579
Cost incurred during May
$660
$1,400
$1,050
(1400*0.75)
$3,110
Total Cost
$2,880
$2,748
$2,061
$7,689
HERMAN
Beginning Cost
$1,150
$800
$600
$2,550
Cost incurred during May
$2,480
$1,348
$1,011
(1348*0.75)
$4,839
Total Cost
$3,630
$2,148
$1,611
$7,389
Hope the above calculations, working and explanations are clear to you and help you in understanding the concept of question.... please rate my answer...in case any doubt, post a comment and I will try to resolve the doubt ASAP…thank you
Total cost of completed Job
STINER
ALTON
HERMAN
DM
$3,220
$2,880
$3,630
DL
$2,592
$2,748
$2,148
FOH
$1,944
$2,061
$1,611
TOTAL
$7,756
$7,689
$7,389
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.