Heltger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs....

   

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Heltger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows: Activity Driver Amount of Driver Materials handling Number of moves. Engineering Number of change orders Other overhead Direct labor hours Heitger worked on four jobs in July. Data are as follows: Beginning balance Direct materials Direct labor cost Number of moves Number of change orders Direct labor hours Cost $64,500 84,000 155,000 Job 13-43 Job 13-44 $23,800 $6,200 $910 Job 13-43 47 25 $18,600 $9,300 $1,070 910 55 Job 13-44 Job 13-45 33 43 Job 13-45 $4,500 $12,600 $1,560 1,070 19 3,000 6,000 50,000 Job 13-46 $0 $9,300 $120 Job 13-46 7 1,560 By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process. 24 120 Required: 1. Calculate the activity rates for each of the three overhead activities. Round all activity rates to the nearest cent. Materials handling rate Engineering rate Other overhead rate Balance, July 1 Direct materials Direct labor cost Materials handling Engineering 2. Prepare job-order cost sheets for each job showing all costs through July 31. When required, round your answers to the nearest dollar. If an amount is zero, enter "0". Heitger Company Job-Order Cost Sheets Other overhead per move Total per change order per direct labor hour Job 13-43 Job 13-44 Job 13-45 Job 13-46 3. Calculate the balance in Work in Process on July 31. 4. Calculate the cost of goods sold for July. 5. What if Job 13-46 required no engineering change orders? What is the difference in the new cost of Job 13-467 How would the cost of the other jobs be affected? Heltger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows: Activity Driver Amount of Driver Materials handling Number of moves. Engineering Number of change orders Other overhead Direct labor hours Heitger worked on four jobs in July. Data are as follows: Beginning balance Direct materials Direct labor cost Number of moves Number of change orders Direct labor hours Cost $64,500 84,000 155,000 Job 13-43 Job 13-44 $23,800 $6,200 $910 Job 13-43 47 25 $18,600 $9,300 $1,070 910 55 Job 13-44 Job 13-45 33 43 Job 13-45 $4,500 $12,600 $1,560 1,070 19 3,000 6,000 50,000 Job 13-46 $0 $9,300 $120 Job 13-46 7 1,560 By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process. 24 120 Required: 1. Calculate the activity rates for each of the three overhead activities. Round all activity rates to the nearest cent. Materials handling rate Engineering rate Other overhead rate Balance, July 1 Direct materials Direct labor cost Materials handling Engineering 2. Prepare job-order cost sheets for each job showing all costs through July 31. When required, round your answers to the nearest dollar. If an amount is zero, enter "0". Heitger Company Job-Order Cost Sheets Other overhead per move Total per change order per direct labor hour Job 13-43 Job 13-44 Job 13-45 Job 13-46 3. Calculate the balance in Work in Process on July 31. 4. Calculate the cost of goods sold for July. 5. What if Job 13-46 required no engineering change orders? What is the difference in the new cost of Job 13-467 How would the cost of the other jobs be affected?

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