st of a Manufactured Product-Job Costing System Robert Perez is a contractor spe

Question

st of a Manufactured Product-Job Costing System Robert Perez is a contractor specializing in custom-built Jacuzzis. As of May 1, 2016, Perez has incurred the following costs for each of the jobs listed below. Perez uses the Job Order Cost system STINER ALTON HERMAN DM S 2,220 DL FOH 1,011 TOTAL S 4,579 $ 2800 2,132 DM s 1,150 DL. FOH 600 TOTAL: 2,550 1,348 800 FOH TOTAL: $ 6,531 During May, Perez incurs the following costs below. Perez begins one job during the month of May (Smith) and completes the other three during the course of the month (Stiner, Alton, and Herman). Factory Overhead is charged to jobs on the basis of $.75 per dollar of direct labor hours. MATERIALS REQUISITIONS FOH (APPLIED) TIME TICKETS 420.00 $ 660.00 STINER $ ALTON S HERMAN $ SMITH S 46000 1,40000 1,348.00 2,420.00 2,48000 1,900.00 or h Process accaunt at the end of Ma Mi OL rola

Explanation / Answer

Total amount left in the work in process amount Smith Direct materials 1,900 direct labor 2,420 factory overhead applied (2420*.75) 1815 total amount left in the WIP 6,135 answer

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