Question

A job cost sheet of Sandoval Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2,500 White Lion Cages Date Requested ITEM 7/2 Todd Company FOR Date Completed 7/31 Manufacturing Overhead Direct Direct Date Materials Labor 700 7/10 12 900 15 400 500 22 300 375 24 1,700 27 1,550 31 500 625 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost

Answer 1

Cost of completed Job

Direct material	4850
Direct labor	1200
Manufacturing overhead	1500
Total Cost	7550
Unit cost	3.02

1) Source document

Direct material = Material requisition form

Direct labor = Time ticket

Manufacturing overhead = Predetermine overhead rate

2) Predetermine overhead rate = 625/500 = 125% of direct labor

3) Total cost of the completed Job = 7550

Unit cost of completed Job = $3.02