The job cost sheet for 1,000 units of toy trucks is: Job Number 555 Date Started 4/13
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Question:
Job Number 555 Date Started 4/13
Raw Materials Direct Labor
Date Type Cost Qty. Amount Cost Hours Amount
4/13 565 $ 3 1,000 $3,000 $18 20 $ 360
5/24 889 1 4,000 4,000 12 10 120
6/18 248 2 1,000 2,000 15 100 1,500
$9,000 130 $1,980
Total direct materials $9,000
Total direct labor 1,980
Overhead (130 direct labor hours @ $10/hour) 1,300
Total Job Cost $12,280
All of the materials for the job were purchased on 4/10. The batch of 1,000 toy trucks is sold on 7/10.
a) What are the costs of this job order in the raw materials account, on 4/30, 5/31, 6/30 and 7/31?
a. $5,000, $3,000, $0, and $0
b. $4,000, $2,000, $0 and $0
c. $6,000, $2,000, $0 and $0
d. $6,000, $3000, $1,000, and $1,000
b) what are the costs of this job order in the work-in-process account, on 4/30, 5/31, 6/30 and 7/31?
a. $3,560, $7,780, $0, and $0
b. $4,580, $6,780, $0 and $0
c. $3,560, $6,780, $0 and $0
d. $2, 560, $7,780, $0 and $0
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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