es ToolsHelp A job cost sheet of Sandoval Company is given below Do It! Review 1

Question

es ToolsHelp A job cost sheet of Sandoval Company is given below Do It! Review 16-3 Job Cost Sheet JOB NO. 469 Quantity White Lion Cages Todd Company Direct Materials 703 943 Date Requested Date Completed Direct Labor 2131 FOR Date 51 7/10 12 15 Post- 654 380 523 24 27 31 1,680 1,590 view 470 588 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost Answer the following questions materials, direct lahor. and manufacturina overhead All Rights , what are the source documents for dire A Division of

Explanation / Answer

Cost of Completed Job: Material 4916 Labour 1297 Overheads 1622 Total Cost 7835 Unit Cost ($7835/2480 units) 3.159 Source documents: Material Material Requisition slip labour Time ticket Overheads Pre-determined OH rate Pre-determined OH rate: Overheads applied/ Labour cost *100 ($ 1622/1297 ) *100 = 125.06% Ppre-determined OH rate: 125.06% Total cost of completed Job: $7,835 Unit cost of completed job: $3.159 per unit Journal entry: Finished Goods Inventory Dr. 7835      Work in Process-Job 469 Account 7835

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