Question

To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,225 Lamp Kits @ $16.70 per kit. 9-Jan 4,075 sets of Lamp Kits were requisitioned. 17-Jan Payroll of 560 Direct Labor Hours @ $9.45 per hour. 30-Jan Payroll of 610 Direct Labor Hours $9.70 per hour. 30-Jan 3.990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Month End Overhead Information Actual Variable Manufacturing Overhead Actual Fixed Manufacturing Overhead $ 1,053.00 $ 39,373.45 Round to two places, Str. Cost of Direct Material incurred in Manufacturing Job 2407 {13.01) Cost of Direct Labor Incurred in Manufacturing Job 2407 {13.02) Cost of Manufacturing Overhead Applied to Job 2407 {13.03) Cost of manufacturing one lamp {13.04)

Answer 1

cost of Direct Material incurreal for Job 2407 Purna.५५ ५५.125 Lankin@16:10 Ankit .) 115 11.10 > 10561.5 6 Cost of pricet xhoun incurred in many & Joh 2407 520- 5.60_Pyte (& househy _6.10_irta_conhauer totawLabour Lost @ १.45 @_.. - . - _5912 1364 cost of Manufacturing overhead applied to Job Lyoz Since it is gively that to lose the Records of actual est overhead is applied at the rate of soil. q Direct ledare cost. It should be taken into consideration, crather than Actual oHS incurred) _o He cot > 50 .. (1,04-> shes Ld cost of Many facturing one lane Total Corps completed a snipped - 3990 Gres 1046 + ) 5604.5 FES neurren __ 70557.5 + ILMS __817 cost of one lamp - 87311 - - -abic-के Scanned with 3११० CamScanner