Asked by Jackie Balarezo on Jul 02, 2024
The job cost sheet for Job number 83-421 includes the following information:
DIRECT MATERIALS:
7/12 Requisition R88-566: 20 units @ $ 3.50 per unit
7/13 Requisition R88-576: 18 units @ $ 5.00 per unit
7/13 Requisition R88-578: 4 units @ $25.00 per unit
7/14 Requisition R88-591: 40 units @ $ 1.25 per unit
DIRECT LABOR:
7/12 Employee 19: 8 hours @ $ 9.00 per hour
7/13 Employee 19: 6 hours @ $ 9.00 per hour
7/13 Employee 37: 6 hours @ $ 8.00 per hour
7/14 Employee 19: 5 hours @ $ 9.00 per hour
7/14 Employee 92: 5 hours @ $11.00 per hour
FACTORY OVERHEAD: Assigned at 150% of direct labor cost.
What is the total cost of Job number 83-421?
Direct Materials
Materials that are directly used in the manufacture of end products.
Direct Labor
Wages paid to employees who are directly involved in the production of goods or services.
Factory Overhead
All indirect costs associated with manufacturing, excluding direct labor and direct materials.
- Determine the entire expense associated with a task by adding together the costs of direct materials, direct labor, and allocated overhead.
Learning Objectives
- Determine the entire expense associated with a task by adding together the costs of direct materials, direct labor, and allocated overhead.
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