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Exercise 171 A job cost sheet of Fugate Company is given below. Job Cost Sheet JOB...

Exercise 171

A job cost sheet of Fugate Company is given below.
Job Cost Sheet
JOB NO. 172 Quantity 1,500
FOR James Company Date Completed 5/31
Date Direct
Materials		 Direct
Labor		 Manufacturing
Overhead
5/10 1,330
12 1,120
15 550 825
22 480 720
24 1,000
27 1,870
31 670 1,005
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 when the amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

May. 31
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ekkarill92 answered 7 months ago
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