Question: Sweet Wave was able to secure some large orders to supply bakery goods for a special event. The company labled the event G52. This project


Sweet Wave was able to secure some large orders to supply bakery goods for a special event. The company labled the event G52. This project will require special order cakes. Sweet Wave decided to use a job cost system to produce the cakes. The following information relates to G52 for 20X6. December 2: Raw materials were requisitioned from the company's inventory for $3,374 December 8: Raw materials were requisitioned for $706 December 14: Raw materials were requisitioned for $2,306 Payroll: Time worked on these two projects were recorded electronically by employees. The total amount of hours worked on the projects were as follows: Employees that are paid $16.50 per hour worked 12 hours on the project. The time tickets were dated December 3 , December 9 , and December 15 . On each of those days, 4 labor hours were spent on the job. Sweet Wave Bakery has decided to allocate overhead based on the machine hours. The expected machine hour use for the year is 2,112 hours, and the anticipated overhead costs are $840,576 for the year. The machines were used by workers on project G52 on December 3, 9, and 15 . 8.5 machine hours were used for project G52 (2.5 (enter in this format in the job cost sheet) the first day and 3 each of the other days). The special order was completed on December 15 , producing 237 cakes for G52. JOB COST SHEET Job Number_G52 Item_Custom Cakes Quantity 237 units Date Requested_ Dec 2 Hours Cost Summary Direct materials Direct labor Manufacturing overhead Total Cost Unit Cost Manufacturing Overhead Rate Amount $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
