Question: Munch Printing Inc. began printing operations on July 1. Jobs 10 and 11 were completed during the month, and all costs applicable to them were

Munch Printing Inc. began printing operations on July 1. Jobs 10 and 11 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 12 and 13 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,200 of indirect materials and $14,500 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:

Job 10 Job 11 Direct materials Direct labor Factory overhead Total Direct

Determine each of the following for July:a. Direct and indirect materials used.b. Direct and indirect labor used.c. Factory overhead applied (a single overhead rate is used based on direct labor cost).d. Cost of completed Jobs 10 and11.

Job 10 Job 11 Direct materials Direct labor Factory overhead Total Direct materials Direct labor Factory overhead Total 12,400 4,750 3,800 20,950 5,800 2,450 1,960 10,210 Job 13 Direct materials Direct labor Factory overhead Job 12 Direct materials Direct labor 3,500 700 17,400 5,250 Factory overhead

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