Cycle Gear Corporation has incurred the following costs on job number W456, an order for 20 special

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Cycle Gear Corporation has incurred the following costs on job number W456, an order for 20 special sprockets to be delivered at the end of next month.

Direct materials:

On April 10,

Requisition number 15673 was issued for 20 titanium blanks to be used in the special order. The blanks cost $15.00 each.

On April 11,

Requisition number 15678 was issued for 480 hardened nibs also to be used in the special order. The nibs cost $1.25 each.

Direct labor:

On April 12,

Jamie Unser worked from 11:00AM until 2:45 PM on Job W456. He is paid $9.60 per hour.

On April 18,

Melissa Chan worked from 8:15 AM until 11:30 AM on Job W456. She is paid $12.20 per hour.

Required:

1. On what documents would these costs be recorded?

2. How much cost should have been recorded on each of the documents for Job W456’?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For  book-img-for-question

Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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