Job Order Costing

Lott Company uses a job order cost system and applies overhead to productions on the basis of direct labor costs.

For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data

Cas Inc. is a construction company specializing in custom pations. The pations are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference.

Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct laber hours in Department E, and machine hours in Department K,

Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiacal year.

The gross earnings of the factory workers for Larkin Company during the month of January are $76,000. The employer's payroll taxes for the factory payroll are $8,000. The fringe benefits to be paid by the employer on this payroll are $6,000.Of the total accumulatedcost of factory labor, 85% is attributable to indirect labor.

Stine Company uses a job order cost system. On May 1, the company has a balance in Work in process Inventory of $3,500 and two jobs in process:Job No. 429 $2,000, and Job No. 430 $1,500. During May, a summary of source documents reveals the following.

A job order sheet for Ryan Company is Shown below.

Manufacturing cost data for Orlando Company, Which uses a job order cost system, are presented below.

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $300,000 for the year, and machine usage is estimated at 125,000 of hours

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