Using the bordered cells calculate the values in the yellow filled cells. To keep records of the
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Using the bordered cells calculate the values in the yellow filled cells.
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To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,075 figurines @ $9.65 per figurine. 6-Jan Purchased 4,200 sets of electical components @ $1.25 per set. 7-Jan Purchased 4,000 lamp shades @ $6.65 per set. 8-Jan 4,075 figurines were requisitioned. 9-Jan 4,175 sets of electrical components were requisitioned. 17-Jan Payroll of 610 Direct Labor Hours @ $9.40 per hour. 28-Jan 3,990 lamp shades were requisitioned 30-Jan Payroll of 660 Direct Labor Hours @ $9.65 per hour. 30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Month End Overhead Information Actual Variable Manufacturing Overhead Actual Fixed Manufacturing Overhead $ 1,193.80 $ 40,623.45 To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,075 figurines @ $9.65 per figurine. 6-Jan Purchased 4,200 sets of electical components @ $1.25 per set. 7-Jan Purchased 4,000 lamp shades @ $6.65 per set. 8-Jan 4,075 figurines were requisitioned. 9-Jan 4,175 sets of electrical components were requisitioned. 17-Jan Payroll of 610 Direct Labor Hours @ $9.40 per hour. 28-Jan 3,990 lamp shades were requisitioned 30-Jan Payroll of 660 Direct Labor Hours @ $9.65 per hour. 30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Month End Overhead Information Actual Variable Manufacturing Overhead Actual Fixed Manufacturing Overhead $ 1,193.80 $ 40,623.45
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