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JOB NO. ITEM Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials

Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overh

Direct labor Manufacturing overhead (2) Overhead is applied on the basis of direct labor cost. What is the predetermined manu

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Answer #1
1
Source Documents
Direct materials Materials requisition slips
Direct labor Time tickets
Manufacturing overhead Predetermined overhead rate
2
Predetermined manufacturing overhead rate 125% =750/600
3
Direct materials 4750 =700+900+1650+1500
Direct labor 1500 =600+400+500
Manufacturing overhead 1875 =750+500+625
Total cost of the completed job 8125
Unit cost of the completed job 3.25 =8125/2500
4
Account Titles and Explanation Debit Credit
Finished Goods Inventory 8125
     Work in Process Inventory 8125
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