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Exercise 171 A job cost sheet of Fugate Company is given below. Job Cost Sheet JOB NO. 172 Quantity 1,500 FOR...

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Accounting

Exercise 171

A job cost sheet of Fugate Company is given below.
Job Cost Sheet
JOB NO. 172Quantity1,500
FOR James CompanyDate Completed5/31
DateDirect
Materials		Direct
Labor		Manufacturing
Overhead
5/101,330
121,120
15550825
22480720
241,000
271,870
316701,005
Cost of completed job:
Direct materials
Direct labor
Manufacturing Overhead
Total cost
Unit cost

Answer the following questions.
What is the predetermined manufacturing overhead rate?
Predetermined overhead rate%

SHOW LIST OF ACCOUNTS

What are the total cost and the unit cost of the completed job?(Round unit cost answer to 2 decimal places, e.g.52.75.)

Total cost$
Unit cost$

SHOW LIST OF ACCOUNTS

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

Date

Account Titles and Explanation

Debit

Credit

May. 31

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