Additional Information:
Complete a Job Costing Sheet for each job showing the detailed amount of direct and indirect costs in each job. Show the cost per unit within each job.
Overhead rate = $7000000 / 125000 = $56 per DLH
Job 12 | Job 13 | Job 14 | Job 15 | Job 16 | Total | |
Beg Work in Process | $ 169,000 | $ 169,000 | ||||
Direct Material | $ 312,000 | $ 1,000,000 | $ 890,000 | $ 484,000 | $ 458,000 | $ 3,144,000 |
Direct Labor | $ 165,000 | $ 298,000 | $ 190,000 | $ 144,000 | $ 165,000 | $ 962,000 |
Overhead Applied | $ 112,000 | $ 616,000 | $ 560,000 | $ 280,000 | $ 336,000 | $ 1,904,000 |
Total | $ 758,000 | $ 1,914,000 | $ 1,640,000 | $ 908,000 | $ 959,000 | $ 6,179,000 |
Units Produced | 3000 | 2000 | 4000 | 1000 | ||
Cost per unit | $ 252.67 | $ 957.00 | $ 410.00 | $ 908.00 |
Direct Material and Direct Labor is Direct Cost
Overhead applied is Indirect Cost
Since Job 16 is in process at end, unit product cost has not been calculated for Job 16
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Additional Information: Jobs 12 – 15 were completed this quarter. Job 16 was started but not...
Additional Information:
Jobs 12 – 15 were completed this quarter. Job 16 was started
but not completed this quarter. Jobs 12 – 14 have been delivered to
the customers. Job 12 was in process at the beginning of the
quarter and was included in last year’s inventory at a cost of
$169,000 as shown above.
Round to the nearest dollar on Financial Statements and to the
nearest cent on per unit calculations
Complete a Cost of Goods Manufactured Statement for...
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Problem 15-4A (Part Level Submission)
Agassi Company uses a job order cost system in each of its three
manufacturing departments. Manufacturing overhead is applied to
jobs on the basis of direct labor cost in Department D, direct
labor hours in Department E, and machine hours in Department
K.
In establishing the predetermined overhead rates for 2017, the
following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$924,000
$1,500,000
$900,000
Direct labor costs
$1,320,000
$1,875,000
$675,000
Direct...
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