Question

A job cost sheet of Sandoval Company is given below. Job Cost Sheet JOB NO. 469...

A job cost sheet of Sandoval Company is given below.

Job Cost Sheet

JOB NO. 469 Quantity 2,000
ITEM White Lion Cages Date Requested 7/2
FOR Todd Company Date Completed 7/31


Date

Direct
Materials

Direct
Labor

Manufacturing
Overhead

7/10 700
12 900
15 400 480
22 300 360
24 1,640
27 1,560
31 700 840
Cost of completed job:      
   Direct materials      
   Direct labor       
   Manufacturing overhead       
Total cost       
Unit cost

(a)

Answer the following questions.

(1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job?

Source Documents
Direct materials                                                                       Materials requisition slipsPredetermined overhead rateTime tickets
Direct labor                                                                       Materials requisition slipsPredetermined overhead rateTime tickets
Manufacturing overhead                                                                       Materials requisition slipsPredetermined overhead rateTime tickets


(2) Overhead is applied on the basis of direct labor cost. What is the predetermined manufacturing overhead rate?

Predetermined manufacturing overhead rate %


(3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, e.g. 1.25.)

Total cost of the completed job $
Unit cost of the completed job $

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(b)

Prepare the entry to record the completion of the job. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

July 31

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