Jeb uses a job costing system to charge out costs for jobs completed. Job number 49...

Question

Question

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 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. (20)

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Similar Homework Help Questions

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 R400Day 1: An artisan worked 4 hoursDay 2: Material consumed per requisition 201B amounted to R300Day 5: An artisan worked 6 hoursDay 9: An artisan plus a labourer worked 3 hoursDay 11: An artisan plus a labourer worked 8 hoursLabour overheads...
Question 1 Total 6 000 The following information relates to GC Company for the current year:...

Question 1 Total 6 000 The following information relates to GC Company for the current year: Common Special R Units produced 2000 Direct material cost R60 000 R100 000 160 000 Direct labour hours 6 000 4 000 Direct labour costs R60 000 RBO 000 140 000 Number of set-ups 40 40 Number of design changes 12 8 Overhead cost Set up 80 000 Design changes 60 000 Other 140 000 Total manufacturing costs 530 000 Required Calculate the cost...
QUESTION 2 [25] Erundu Limited uses a job order costing system. Only three jobs were worked...

QUESTION 2 [25] Erundu Limited uses a job order costing system. Only three jobs were worked on during the past month. The data for these jobs were as follows: Details Job A10 Job B15 Job C20 Opening WIP R26 800 R42 790 RO Direct material added during the month R17 275 RO R18 500 Direct labour for the month R14 500 R3 500 R24 000 The manufacturing overheads applied to the three jobs for the month were R126 000 and...

1. Anderson Company uses a job-order costing system and applies manufacturing overhead to jobs using a...

1. Anderson Company uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor hours. Manufacturing overhead and direct labor hours were estimated at $70,400 and 22,000 hours, respectively. In June, Job 11461 was completed. Ma. terials costs on the job totaled $4,815 and labor costs totaled $2,325 at $7.50 per hour (310 hours worked on this job). At the end of the year, it was determined that the company worked...
QUESTION 2 Citysites Sdn. Bhd. uses a job-order costing system. On Sept 1, Materials and Supplies...

QUESTION 2 Citysites Sdn. Bhd. uses a job-order costing system. On Sept 1, Materials and Supplies Control account had a balance of $28.000, whilst the Finished Goods (Job X10) balance on the same date was $15,000. Work in process as at Sept 1 consists of 2 jobs. Details as follows: Job Materials ($) Labour (S) Overhead (S) XII 5.200 2,300 3,300 X12 8,700 3,200 5,775 Direct labour cost (S) incurred and machine hours for the month of Sept: Job Direct...
A large firm of solicitors uses a job costing system to identify costs with individual clients....

A large firm of solicitors uses a job costing system to identify costs with individual clients. Hours worked by professional staff are used as the basis for charging overhead costs to client services. A predetermined rate is used, derived from budgets drawn up at the beginning of each year commencing on 1 April. In the year to 31 March 2012 the overheads of the solicitors practice, which were absorbed at a rate of £7.50 per hour of professional staff, were...

Stellar Sound, Inc. which uses a job-order costing system, had two jobs in process at the...

Stellar Sound, Inc. which uses a job-order costing system, had two jobs in process at the start of 20x1: job no. 64 ($84,100) and job no. 65 ($53,500). The following information is available: a. The company applies manufacturing overhead on the basis of machine hours (based on practical capacity). Budgeted overhead and machine activity for the year were anticipated to be $792,000, and 16,000 hours, respectively. b. The company worked on four jobs during the first quarter. Direct materials used,...
[25] QUESTION 1 Duvani Limited uses a job order costing system with a predetermined overhead absorption...

[25] QUESTION 1 Duvani Limited uses a job order costing system with a predetermined overhead absorption rate based on machine hours. The company keeps only one set of records for cost and financial transactions. At the beginning of 20x9 the company estimated its manufacturing overheads for the year at R100 000 and machine hours at 16 000. The following information on the jobs worked on during December 20X9 is available: Job 67 Job 69 Job 63 Work-in-process on 1 December...
Moor Company uses a job-order costing system and applies overhead costs to jobs at a rate...

Moor Company uses a job-order costing system and applies overhead costs to jobs at a rate of 120% of direct labor cost. Moor Company started the month of June with three jobs in process. The cost of beginning work in process plus the costs added during June are shown below: Job #1-A Job #3-G Job #7-L beginning work in process ..... $3,250 $2,690 $3,720 COSTS ADDED DURING JUNE: direct materials .............. $4,680 $3,950 $2,870 direct labor .................. 3,530 4,180 2,410...

Moor Company uses a job-order costing system and applies overhead costs to jobs at a rate...

Moor Company uses a job-order costing system and applies overhead costs to jobs at a rate of 120% of direct labor cost. Moor Company started the month of June with three jobs in process. The cost of beginning work in process plus the costs added during June are shown below: Job #1-A Job #3-G Job #7-L beginning work in process ..... $3,250 $2,690 $3,720 COSTS ADDED DURING JUNE: direct materials .............. $4,680 $3,950 $2,870 direct labor .................. 3,530 4,180 2,410...

Jeb uses a job costing system to charge out costs for jobs completed. Job number 49...

Homework Answers

Request Answer!

Add Answer to:
Jeb uses a job costing system to charge out costs for jobs completed. Job number 49...

Post as a guest

Earn Coins