A job cost sheet of Sandoval Company is given below.

Instructions

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 cent.)
Prepare the entry to record the completion of the job.

Solution

Problems: Job Order Costing

Problem-1: Job Order Costing

Lott Company uses a job order cost system and applies overhead to productions on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job...

Problem-2: Job Order Costing

For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data Raw materials inventory totaled $15,000 on January 1. During the year, $140,000...

Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. In June 1, 2020, the general...

Problem-4: Job Order Costing

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...

Problem-5: Job Order Costing

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 fiscal year. Other...

Problem-6: Job Order Costing

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...

Problem-7: Job Order Costing

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...

Problem-8: Job Order Costing

A job order sheet for Ryan Company is Shown below. Instructions On the basis of the foregoing data, answer the following questions. What was the balance in Work in Process...

Problem-9: Job Order Costing

Manufacturing cost data for Orlando Company, Which uses a job order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing...

Problem-10: Job Order Costing

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...

Problem-11: Job Order Costing

A job cost sheet of Sandoval Company is given below. Instructions Answer the following questions. What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned...

Problem-12: Job Order Costing

Crawford Corporation incurred the following transactions. Purchased raw materials on account $46,300. Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that...

Problem-13: Job Order Costing

Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. Materials purchased on account $192, 000, and factory wages...

Problem-14: Job Order Costing

At May 31, 2020, the accounts of Lopez Company show the following. May 1 inventories - finished goods $12,600, work in process $14,700, and raw materials $8,200. May 31 inventories...

Problem-15: Job Order Costing

Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job NumberAprilMayJuneMonth Completed 10$5,200$4,400May 114,1003,900$2,000June 121,200April 134,7004,500June 145,9003,600Not Complete Job 12 was...

Job Order Costing

Problem-11: Job Order Costing

Instructions

Solution

Latest Articles