Question

Pearson Architectural Design uses a job-order costing system and applies s o overhead to jobs on the basis of direct staff cost diferent from the names used in manufacturing companies. The following costs were recorded in January Cost of contacted work comparable mat De c osts comparable to director Stadio Overhead comparable to manufacturing overhead cost applied Cost of work completed compare to cost of goods manufactured) 50.000 There were no beginning inventories in January At the end of January, only one job was still in process. This job the Khmer Corporation Headquarters project) had been charged with Required: 1. Compute the predetermined overhead rate that was used during January 2. Complete the folowing job cost sheet for the partially compiled Km Corporation Headquarters pro less ending work in process inventory) Round your intermediate calculations to whole number.) Job Cost Sheet Krimmer Corporation Headquarters Project

Answer 1

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Pearson
Answer 1	Amount $	Note
Studio Overhead	122,730.00	A
Direct Staff costs	75,300.00	B
Predetermined overhead rate	162.99%	C=A/B
Answer 2
Cost of subcontracted work	230,500.00
Direct Staff costs	75,300.00
Studio Overhead	122,730.00
Total manufacturing costs	428,530.00
Less: Cost of work completed	368,900.00
Ending work in process costs	59,630.00	D
Direct materials in- Ending work in process costs
Ending work in process costs	59,630.00	See D
Less:
Direct staff costs	6,650.00	E
Studio Overhead	10,838.71	F=E*Predetermined overhead rate
Direct materials in- Ending work in process costs	42,141.29	G
Job Cost Sheet
Krimmer Corporation Headquarters Project
Cost of subcontracted work	42,141.29	See note G
Direct Staff costs	6,650.00	See note E
Studio Overhead	10,838.71	See note F
Total cost to January 31	59,630.00
Please note that the image is blurred and I may have put some figures wrong. But all my formulas are correct so you can use correct figures from the image, apply my formula which I have mentioned as notes and get the required answer.