Question

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

Answer 1