Question

Cost of a Manufactured Product-Job Costing System Ross Poldark is a contractor specializing in custom-built Jacuzzis. As of May 1, 2018, Poldark has incurred the following costs for each of the jobs listed below. Poldark uses the Job Order Cost system. ENYS CARNE TRURO 2,100 $ 1,850 $ 800 DL 1,900 1,600 660 FOH 1,520 1,280 528 TOTAL $ 5,520 $ 4,730 $ 1,988 DM During May, Poldark incurs the following costs below. Poldark begins one job during the month of May (George) and completes the other three during the course of the month (Enys, Carne, and Truro). Factory Overhead is charged to jobs on the basis of $.80 per dollar of direct labor hours. ENYS CARNE TRURO GEORGE DM 400 $ 590 $ 1,540 $ 1,100 DL 360 920 1,900 800 FOH TOTAL Determine the total cost of each of the completed jobs in the space below: DM DL FOH TOTAL ENYS CARNE TRURO 2500 2440 2,340 2260 2,520 1560

Answer 1

В2 A В С D E F 1 2 ENYS CARNE TRURO $ 2,500 $ 2,440 $ 2,520 $ 2,016 $ 6,976 $ 2,340 DM $2,260 $2,560 4 DL $1,808 $2,048 5 FOH $6,568 $6,948 ТОTAL 7 LL LLI X

for formulas and calculations, refer to the image below -

fx B2. А В C D E F 1 2 ENYS TRURO CARNE - 1850+590 =2100+400 -800+1540 3 DM -1900+360 -1600+920 -660+1900 DL FOH C4*0.8 D4*0.8 - E4*0.8 5 TOTAL -SUM(C3:C5) SUM(D3:D5) -SUM(E3:E5) 7

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