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SM2594 [Compatibility Mode FORMULAS DATA REVIEW VIEW FILE A HOME INSERT PAGE LAYOUT X Cut MS Sans Serif -8.5 Copy - BIU Format Painter Clipboard Font General Paste Wrap Text Merge & Center - Z EE $ - %, 8 Alignment Number A1 x fx B co 4 PART 5 Job Order Costing 18 To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. 19 Overhead is applied at the rate of 50% of the direct labor cost. 20 21 28 29 Job Order Costing Section 30 31 On January 1, 20x2. Division S began Job 2407 for the Client. THE BIG CHILDREN STORE. The 32 job called for 4,000 customized lamps. The following set of transactions occurred from 39 January 5 until the job was completed 5-Jan Purchased 4 200 figurines @ $9.60 per figurine 6-Jan Purchased 4 225 sets of electical components @ $1.20 per set 7-Jan Purchased 4.000 lamp shades @ $6.80 per set 8-Jan 4.200 figurines were requisitioned 9-Jan 4.200 sets of electrical components were requisitioned 17.Jan Payroll of 570 Direct Labor Hours 59 65 per hour 4 5 6 7 9 10 11 12 13 14 15 ... 16 17 18 Present Value T... READY SM2594 [Compatibility Mod FORMULAS DATA REVIEW VIEW BG.. LE HOME INSERT PAGE LAYOUT a X Cut MS Sans Serif 8. 5 Be Copy BIU- - Format Painter Clipboard Font = 9 General A A - A. Wrap Text Merge & Center - $ - % , Alignment Number ABCD Job Order Costing Section On January 1, 20x2. Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The 2 job called for 4,000 customized lamps. The following set of transactions occurred from 9 January 5 until the job was completed: NONS 28 39883OWNLO 5 Jan Purchased 4,200 figurines @ $9.60 per figurine. 6-Jan Purchased 4,225 sets of electical components @ $1.20 per set. 7-Jan Purchased 4,000 lamp shades @ $6.80 per set 8-Jan 4.200 figurines were requisitioned 9-Jan 4,200 sets of electrical components were requisitioned 17-Jan Payroll of 570. Direct Labor Hours @ 59.65 per hour. 28-Jan 3.990 lamp shades were requisitioned 30-Jan Payroll of 620 Direct Labor Hours $9.90 per hour 30-Jan 3.990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing Month End Overhead Information Actual Variable Manufacturing Overhead $ 1.071.00 Actual Fixed Manufacturing Overhead 5 39.623.45 Round to six places. S Cost of Direct Material incurred in Manufacturing Job 2407 6 3 9 10 11 12 13 14 15 16 17 18 Present Value T.. READY Type here to search SM2594 [Compatibility Mode] - Excel OME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW A A Wrap Text General MS Sans Serif BIU - - 8.5 - Merge & Center - $% , 8. py mat Painter lard Conditiona Formatting Font Alignment Number Round to six places, S## Cost of Direct Material incurred in Manufacturing Job 2407 (13.01) Cost of Direct Labor Incurred in Manufacturing Job 2407 . (13.02} Cost of Manufacturing Overhead Applied to Job 2407 (13.03) Cost of manufacturing one lamp (13.04 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Present Value T... Type here to search

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