Question

Exercise 15-06 (Part Level Submission) A job cost sheet of Sandoval Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2,000 ITEM White Lion Cages Date Requested 7/2 FOR Todd Company Date Completed 7/31 Date Direct Materials Direct Labor Manufacturing Overhead 7/10 700 12 900 15 400 480 22 300 360 24 1,640 27 1,560 31 700 840 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost (a) Your answer is partially correct. Try again. Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Source Documents Direct materials select the source documents Direct labor select the source documents Manufacturing overhead select the source documents (2) Overhead is applied on the basis of direct labor cost. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate enter the predetermined manufacturing overhead rate in percentages % (3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, e.g. 1.25.) Total cost of the completed job $ enter a dollar amount Unit cost of the completed job $ enter a dollar amount rounded to 2 decimal places Click if you would like to Show Work for this question: Open Show Work

Answer 1

1.

The source documents are as follows:

Direct Materials                                            Material Requisition Slips

Direct Labor                                                   Time tickets

Manufacturing overhead                            Pre determined overhead rate

2.

        Pre determined overhead rate = Total manufacturing overheads/ Total direct labor cost

                                                        = (1,680/ 1,400) *100

                                                        = 120%

3.

Type of Cost	Amount ($)
Direct Materials [700+900+1640+1560]	4,800
Direct Labor [400+300+700]	1,400
Manufacturing overhead [480+360+840]	1,680
Total Cost of completed job	7,880
Unit cost of completed job [7,880/2000]	3.94