Question

Job-Order Cost Sheet Example Managerial perspective

Job-Order Cost Sheet Example Managerial perspective

Homework Answers

Answer #1

Job Order Cost Sheet

Job Number: 1234   Date of Intitation : 12-11-2018

Depatment : Packing Date of Completion : 18-11-2018

Items : Special Chocolates   Units Completed ; 2600

Estimated Units of : 2500    Completion

Direct Material Direct Labour Manufacturing OH
Reference No Amount Labour Batch No Hours Amount Hours Rate Amount
ABC 1600    SHIFT-1 30 300 60 25 1500
ABD 1200 SHIFT-2 30 600
Total 2800 Total 900 Total 1500
Cost Summary
Particulars Amount (in $)
Direct Material 2800
Direct Labour 900
Manufacturing Overheads 1500
Total Cost (A) 5200
No of Units Produced(B) 2600
Cost Per Unit $2 per unit
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the purpose of the job cost sheet in a job order costing system?
What is the purpose of the job cost sheet in a job order costing system?
Why is the job cost sheet important in a job order costing system? How is it...
Why is the job cost sheet important in a job order costing system? How is it used in determining a product’s cost?
Describe the 3 approaches to bureaucratic control, giving an example of each. From a managerial perspective,...
Describe the 3 approaches to bureaucratic control, giving an example of each. From a managerial perspective, which type of control is best, and why? Name a popular method of control that ties all 3 approaches of bureaucratic control, and explain how it addresses them.
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 2,500 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 15 400 500 22 300 375 24 1,700 27 1,550 31 500 625 Cost of completed job:          Direct materials          Direct labor           Manufacturing overhead        Total cost        Unit cost A job cost sheet of Sandoval...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct Labor Manufacturing Overhead Beg. bal. Jan. 1 7,000 7,000 4,900 8 7,000 12 7,000 5,600 25 2,300 27 4,000 3,200 16,300 18,000 13,700 Cost of completed job:    Direct materials $ 16,300    Direct labor 18,000    Manufacturing overhead 13,700 Total cost $ 48,000 Unit cost ($ 48,000 ÷ 2,000) $ 24.00 (a) On the basis of the foregoing data, answer the...
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)...
1.Job Order Cost Sheet Remnant Carpet Company sells and installs commercial carpeting for office buildings. Remnant...
1.Job Order Cost Sheet Remnant Carpet Company sells and installs commercial carpeting for office buildings. Remnant Carpet Company uses a job order cost system. When a prospective customer asks for a price quote on a job, the estimated cost data are inserted on an unnumbered job cost sheet. If the offer is accepted, a number is assigned to the job, and the costs incurred are recorded in the usual manner on the job cost sheet. After the job is completed,...
1. A job order cost sheet for Sheridan Company is as follows. Job No. 92 For...
1. A job order cost sheet for Sheridan Company is as follows. Job No. 92 For 2,000 Units Date Direct Materials Direct Labor Manufacturing Overhead Beg. bal. Jan. 1 6,500 7,400 5,920 8 7,400 12 8,400 6,888 25 2,900 27 4,400 3,608 16,800 20,200 16,416 Cost of completed job:    Direct materials $16,800    Direct labor 20,200    Manufacturing overhead 16,416 Total cost $53,416 Unit cost ($53,416 ÷ 2,000) $26.71 On the basis of this data, answer the following questions. (a) What was...
1.A process cost system and a job order cost system both use a predetermined overhead rate...
1.A process cost system and a job order cost system both use a predetermined overhead rate to apply estimated manufacturing overhead costs to work in process. true or false 2. Under job-order costing, the actual direct material, actual direct labor, and estimated overhead costs are recorded on the job cost sheet. true or false 3. In a job-order cost system, the inventory accounts generally are maintained on a perpetual basis. true or false 4. Process costing is used for products...
Why is knowledge of cost behavior important for managerial decision making? Give an example to illustrate...
Why is knowledge of cost behavior important for managerial decision making? Give an example to illustrate your answer (detailed)