A job cost sheet of Bhak Limited is given below. (Amounts are in won.) Instructions a. Answer

Question:

A job cost sheet of Bhak Limited is given below. (Amounts are in won.)

Job Cost Sheet JOB NO. 469 Quantity 2,500 ITEM White Lion Cages Date Requested 7/2 FOR Jo Company Date Completed 7/31 Direct Direct Manufacturing Date Materials Labor Overhead 7/10 700,000 12 900,000 15 440,000 550,000 22 380,000 475,000 24 1,600,000 27 1,500,000 31 540,000 675,000 Cost of completed job: Direct


Instructions

a. Answer the following questions.

1. What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job?

2. What is the predetermined manufacturing overhead rate?

3. What are the total cost and the unit cost of the completed job? (Round unit cost to nearest hundredth.)

b. Prepare the entry to record the completion of the job.

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Related Book For  book-img-for-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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