Question

Coronado Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On Janua
Lost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No. 51 Date Direct Materials Direct
Open job cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. Job No. 50 Date
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Answer #1

b) Job Cost sheet

Job No 50
Date Direct materials Direct labor Manufacturing overhead
Beg Bal 24000 14400 19200
Jan 12000 6000 6000*1.2 = 7200
36000 20400 26400
Cost of completed Job
Direct material 36000
Direct labor 20400
Manufacturing overhead 26400
Total 82800

b) Job Cost sheet

Job No 51
Date Direct materials Direct labor Manufacturing overhead
Jan 46800 30000 36000
46800 30000 36000
Cost of completed Job
Direct material 46800
Direct labor 30000
Manufacturing overhead 36000
Total 112800

c) Job Cost sheet

Job No 52
Date Direct materials Direct labor Manufacturing overhead
Jan 36000 24000 24000*1.2 = 28800
36000 24000 28800
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