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NWT Consultants, located in Yellowknife, Northwest Territorles, is a small but growing business that analyzes...

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Accounting

image NWT Consultants, located in Yellowknife, Northwest Territorles, is a small but growing business that analyzes a varlety of construction materlals before they are used by contractors. The testling procedures are speclfic to the individual materlals used because reagents used for testing react differently based on their compositlon and the quantity used. How they are Introduced Into the materlals for testing is also Important. Durling the month of December 2021, NWT completed 36 different jobs. Records pertaining to one such job (reference number: MT Q421-442) are as follows: The documents with the references M and L pertain to direct materlals and direct labour, respectlvely. NWT currently allocates overhead using direct labour cost as the allocation base. For the year 2021, It estimated $648,560 as the overhead amount and $484,000 for direct labour costs. Required: 1. Compute the overhead allocation rate for 2021 . 2 Compute the total costs of the Job. 3. Prepare a job cost sheet for job MT Q421-442

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