1 Question One Special Day Souvenirs creates customized customized cornhole sets which are popular gifts for...

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1 Question One Special Day Souvenirs creates customized customized cornhole sets which are popular gifts for special events. During the month of November 20XX, Special Day Souvenirs undertook one job (job LAW-001) where the company created four customized cornhole boards for the wedding of Mr. & Mrs. James Lawton. Necessary 2 information to prepare the company's job cost record for job LAW-001 is listed below: 3 "The job began on November 9th, 20XX and was completed on November 12th, 20XX. 4 "During construction of job LAW-001, the following materials were requisitioned: 5 "On November 9th, 8 panel boards (part # 21) were requisitioned (req #3) at a unit cost of $14 per board. N 6 On November 10th, 16 feet of photo wrap (part # 87) was requisitioned (req #6) at a unit cost of $6 per foot. 7 "On November 12th, 4 gallons of sealant (part # 33) was requisitioned (req #11) at a unit cost of $23 per gallon. 8 "Two employees worked on job LAW-001, Karl Kavich (Employee #34) and Marla Humphries (Employee # 39.) 9 "Mr. Kavich worked 4 hours on the job at an hourly rate of $17.00 per hour. 10 "Ms. Humphries worked 8 hours on the job at an hourly rate of $16.50 per hour. 11 "Special Day Souvenirs uses only one pool to allocate indirect costs to jobs, Manufacturing Overhead. 12 "Indirect costs will be allocated to jobs using direct labor hours as the cost driver. 13 Special Day's predetermined overhead allocation rate is $5.00 per direct labor hour. 14 Requirement One Using the information provided above, prepare Special Day Souvenirs' job cost record for the custom cornhole boards created for the Lawton wedding. For your convenience, you may omit labor-time record #s from the 15 document. 16 17 Job Number: 18 Start Date: 19 20 21 22 23 24 25 Total 26 27 28 29 30 31 Total 32 Date Received Time Period Question One Job Cost Record LAW-001 11/9/XX Labor-Time Record # Question Two Requisition # Direct Materials Part # Direct Labor Customer: End Date: Quanity Used Lawton 11/12/XX Unit Cost Employee # Hours Worked Hourly Rate Total Costs Total Costs 1 Question One Special Day Souvenirs creates customized customized cornhole sets which are popular gifts for special events. During the month of November 20XX, Special Day Souvenirs undertook one job (job LAW-001) where the company created four customized cornhole boards for the wedding of Mr. & Mrs. James Lawton. Necessary 2 information to prepare the company's job cost record for job LAW-001 is listed below: 3 "The job began on November 9th, 20XX and was completed on November 12th, 20XX. 4 "During construction of job LAW-001, the following materials were requisitioned: 5 "On November 9th, 8 panel boards (part # 21) were requisitioned (req #3) at a unit cost of $14 per board. N 6 On November 10th, 16 feet of photo wrap (part # 87) was requisitioned (req #6) at a unit cost of $6 per foot. 7 "On November 12th, 4 gallons of sealant (part # 33) was requisitioned (req #11) at a unit cost of $23 per gallon. 8 "Two employees worked on job LAW-001, Karl Kavich (Employee #34) and Marla Humphries (Employee # 39.) 9 "Mr. Kavich worked 4 hours on the job at an hourly rate of $17.00 per hour. 10 "Ms. Humphries worked 8 hours on the job at an hourly rate of $16.50 per hour. 11 "Special Day Souvenirs uses only one pool to allocate indirect costs to jobs, Manufacturing Overhead. 12 "Indirect costs will be allocated to jobs using direct labor hours as the cost driver. 13 Special Day's predetermined overhead allocation rate is $5.00 per direct labor hour. 14 Requirement One Using the information provided above, prepare Special Day Souvenirs' job cost record for the custom cornhole boards created for the Lawton wedding. For your convenience, you may omit labor-time record #s from the 15 document. 16 17 Job Number: 18 Start Date: 19 20 21 22 23 24 25 Total 26 27 28 29 30 31 Total 32 Date Received Time Period Question One Job Cost Record LAW-001 11/9/XX Labor-Time Record # Question Two Requisition # Direct Materials Part # Direct Labor Customer: End Date: Quanity Used Lawton 11/12/XX Unit Cost Employee # Hours Worked Hourly Rate Total Costs Total Costs

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Based on the provided information you are tasked with preparing Special Day Souvenirs job cost record for the custom cornhole boards created for the L... View the full answer