14 Direct-labor hours: 15 16 17 8 9 2. Beginning Work-in-process, March 1 (Job 55) 10 11 3. Beginning Finished Goods, March 1 (Job 57) 12 13 2. Labor Information for March: 01234567 1 Part 1: Information to use in completing is below and the requirements follow where you will answer the questions. 2 3 Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs. 4 5 1. The company uses direct labor hours as the cost driver for manufacturing overhead application. 7 The company estimated the following usage of direct-labor hours for the year: 6 The company estimated the following manufacturing overhead costs for the year: $770,000 275,000 $20,000 $80,000 Job 55 Job 58 Job 59 18 Labor costs in factory: 19 Direct-labor wages 20 Indirect-labor wages 4,000 5,000 1,400 $260,000 $15,000 21 22 3. Material Information for March: 23 Raw Materials, Inventory, March 1 $10,000 24 Purchase or raw material $200,000 25 Direct materials requisitioned: 26 Job 55 $70,000 27 Job 58 $76,000 28 Job 59 $50,000 29 30 4. Other costs incurred in March: 31 32 33 345 34 35 36 37 Factory Utilities $5,000 Sales offices Utilities $1,000 Administrative offices Utilities $2,000 Factory equipment repair and maintenance costs Depreciation on factory equipment $4,000 $3,000 Manufacturing supplies purchased and used $5,000 38 5. During March the following jobs were completed: 39 40 Job 55 Job 58 41 6. During March the following jobs were sold for the following amounts: 42 43 44 Job 55 Job 57 $250,000 $100,000