Reference no: EM13858751
For each job, complete the job cost worksheet with the following information:
Job P
Our customer ordered 38 windows for us to install. The following is the information and documentation related to the direct materials and direct labor costs for the job:
Material requisition #1006 for $6,500 of direct materials Labor sheet #2795 for 1,350 direct labor hours Material requisition #1008 for $7,500 of direct materials Labor sheet #2802 for 520 direct labor hours
Job Q
Our customer ordered 23 windows for us to install. The following is the information and documentation related to the direct materials and direct labor costs for the job:
Materials requisition #999 for $3,500 of direct materials Labor sheet #2681 for 485 direct labor hours
Materials requisition #1007 for $4,500 of direct materials Labor sheet #2796 for 249 direct labor hours
Manufacturing overhead is applied based on direct labor hours. You will need to calculate the predetermined overhead rate based on the estimates provided on the cost flow diagram.
For both jobs, find the following costs: Total direct materials
Total direct labor
Total manufacturing overhead applied Total job cost
Average unit cost
For each job, what should the price be to generate a 60% markup on cost? For the Cost Flow Diagram:
Complete the cost flows through the diagram for both jobs. Create the journal entries for each of the cost flows from both jobs all the way through the sale.
Is the remaining amount of Manufacturing Overhead underapplied or overapplied? Create the entry to close Manufacturing Overhead.
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: Complete the job cost worksheet with the following information. Our customer ordered 38 windows for us to install. The following is the information and documentation related to the direct materials and direct labor costs.
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