Question

Job Cost Sheet |JОB NO. 469 Quantity 2,000 White Lion Cages Date Requested ITEM 7/2 Todd Company Date Completed 7/31 FOR Manufacturing Direct Direct Materials Labor Overhead Date 7/10 700 12 900 600 15 500 22 300 360 24 1,720 27 1,580 840 31 700 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost

Answer 1

Direct materials = $700 + $900 + $1,720 + $1,580 = $4,900

Direct labor = $500 + $300 + $700 = $1,500

Manufacturing overhead = $600 + $360 + $840 = $1,800

Total cost = $4,900 + $1,500 + $1,800 = $8,200

Unit cost = $8,200 / 2,000 units = $4.10

1)

	Source Documents
Direct material	Materials requisition slips
Direct labour	Time tickets
Manufacturing overhead	Predetermined overhead rate

2) Total direct labour cost is $1,500.

Total Manufacturing overhead cost is $1,800.

Predetermined Manufacturing overhead rate = $1,800 / $1,500 = 120%

3)

Total cost of the completed job = $8,200 (Calculations made above)

Unit cost of the completed job = $4.10 (Calculations made above)