Gamma ConstructionScenario: Job Cost CalculationData:Job Data:Job 101: Direct Materials $20,000, Direct Labor $15,000, Factory Overhead $10,000Job...
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Accounting
Gamma Construction
Scenario: Job Cost Calculation
Data:
- Job Data:
- Job 101: Direct Materials $20,000, Direct Labor $15,000, Factory Overhead $10,000
- Job 102: Direct Materials $15,000, Direct Labor $12,000, Factory Overhead $8,000
Requirements:
- Calculate the total cost for Job 101.
- Calculate the total cost for Job 102.
- Discuss the allocation of factory overhead costs to each job using an appropriate allocation base.
- Prepare a job cost sheet for Job 101 and Job 102.
- Analyze the profitability of each job based on job order costing.
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