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Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 3,400 figurines at a cost of $71,304,00. Of this amount, $5,304,00 was from raw materials added, $44,000.00 for labor and $22,000,00 for overhead. These 3,400 figurines were assumed to be 80.00% complete as to labor and overhead. During January, 25,000 units were started, $40,704,00 of materials and $32,580.00 of labor costs were incurred. The 3,500 figurines that were in-process at the end of January were assumed to be 70.00% complete to labor and overhead. All fgurines in January passed inspection. {12.03} (12.04) (12.05) 12.05) 12.07) (12.08\} (12.09) (12.10) {12.11} To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Onder Costing Section On January 1,202, Division $ began Job 2407 for the Cient, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 05.Jan Purchased 4,125 Lamp Kits Q $16.65 per kit. 09-Jan 4,250 sets of Lamp Kits were requisitioned. 17 Jan Payroll of 630 Drect Labor Hours (8) $9.45 per hour. 30-Jan Payroll of 680 Direct Labor Hours \& $9.70 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. Round to two places. Sun ung (13.01) Cost of (1302) [13.03) Cost of (1304)

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