Jeb uses a job costing system to charge out costs for jobs completed. Job number 49 was completed on 28 April with 1 500 units produced for a customer, M. Gidy.
Jeb uses a job costing system to charge out costs for jobs completed. Job number 49 was completed on 28 April with 1 500 units produced for a customer, M. Gidy.
Day 1: Material consumed per requisition 201A amounted to R400
Day 1: An artisan worked 4 hours
Day 2: Material consumed per requisition 201B amounted to R300
Day 5: An artisan worked 6 hours
Day 9: An artisan plus a labourer worked 3 hours
Day 11: An artisan plus a labourer worked 8 hours
Labour overheads of 35% are added to the total cost.
Material overheads of 25% are added to the total cost.
Artisan rate is R75 per hour.
Labourer rate is R25 per hour.
Required
Calculate the total job cost and the cost per unit. Present your answer in column form.
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Jeb uses a job costing system to charge out costs for jobs completed. Job number 49 was completed on 28 April with 1 500 units produced for a customer, M. Gidy.
Jeb uses a job costing system to charge out costs for jobs completed. Job number 49...
Jeb uses a job costing system to charge out costs for jobs completed. Job number 49 was completed on 28 April with 1 500 units produced for a customer, M. Gidy. Day 1: Material consumed per requisition 201A amounted to R400 Day 1: An artisan worked 4 hours Day 2: Material consumed per requisition 201B amounted to R300 Day 5: An artisan worked 6 hours Day 9: An artisan plus a labourer worked 3 hours Day 11: An artisan plus...
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Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions...
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