Question

The following information is from the materials requisitions and time tickets for Job 9-1005 completed by...

The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job.

Date Document Amount
7/1 Q-4698 $ 1,900
7/1 W-3393 1,250
7/5 Q-4725 1,650
7/5 W-3479 1,100
7/10 W-3559 950

  
Determine the total cost on the job cost sheet for Job 9-1005.

The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job.

Date Document Amount
7/1 Q-4698 $ 1,900
7/1 W-3393 1,250
7/5 Q-4725 1,650
7/5 W-3479 1,100
7/10 W-3559 950

  
Determine the total cost on the job cost sheet for Job 9-1005.

JOB COST SHEET: Job 9-1005
Direct Materials Direct Labor Overhead Total Cost
Date Requisition No. Amount Time-Ticket No. Amount Costs Applied
07/01 Q-4698 $1,900 W-3393 $1,250 $3,550
07/05 Q-4725 1,650 W-3479 1,100 3,300
07/10 W-3559 950
$3,550 $3,300 $6,850 $?

Are these answers right so far? how do I get the rest?

Homework Answers

Answer #1
JOB COST SHEET: Job 9-1005
Direct Materials Direct Labor Overhead Total Cost
Date Requisition No. Amount Time-Ticket No. Amount Costs Applied
07/01 Q-4698 1900 W-3393 1250 1375 4525
07/05 Q-4725 1650 W-3479 1100 1210 3960
07/10 W-3559 950 1045 1995
3550 3300 3630 10480
Workings:
Overhead applied:
07/01 1375 =1250*110%
07/05 1210 =1100*110%
07/10 1045 =950*110%
Total Cost = Direct materials + Direct labor + Overhead applied
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