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In January, Dieker Company requisitions raw materials for production as follows: Job 1 $950, Job 2 $1,460, Job 3 $710, and general factory use $610. During January, time tickets show that the factory labor of $6,800 was used as follows: Job 1 $2,300, Job 2 $1,800, Job 3 $1,590, and general factory use $1,110.

Required:
Prepare the job cost sheets for each of the three jobs.


Sagot :

abiolataiwo2015

Answer:

Cost of Job 1

Materials $ 950

Factory Labor $ 2300

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4970

Cost of Job 2

Materials $ 1460

Factory Labor $ 1800

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4980

Cost of Job 3

Materials $ 710

Factory Labor $ 1590

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4020

Explanation:

Preparation for the job cost sheets for each of the three jobs.

JOB COST SHEETS

Job1 Job2 Job 3

Materials $950 $ 1460 $710

Factory Labor $2300 $ 1800 $1590

General Factory

Indirect material $ 610 $ 610 $610

Indirect labor $ 1110 $ 1110 $1110

Total $4970 $4980 $4020

Cost of Job 1

Materials $ 950

Factory Labor $ 2300

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4970

Cost of Job 2

Materials $ 1460

Factory Labor $ 1800

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4980

Cost of Job 3

Materials $ 710

Factory Labor $ 1590

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4020

Therefore the job cost sheets for each of the three jobs will be:

Cost of Job 1

Materials $ 950

Factory Labor $ 2300

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4970

Cost of Job 2

Materials $ 1460

Factory Labor $ 1800

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4980

Cost of Job 3

Materials $ 710

Factory Labor $ 1590

General Factory:

Indirect material $ 610

Indirect labor $ 1110

Total $ 4020

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