Exercise 156 Job Cost Sheet Date Direct Materials Direct Lab

Exercise 15-6

Job Cost Sheet

Date

Direct
Materials

Direct
Labor

Manufacturing
Overhead

Prepare the entry to record the completion of the job. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Open Show Work

Exercise 15-6 A job cost sheet of Sandoval Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2,400 ITEM White Lion Cages Date Requested 7/2 FOR Todd Company Date Completed 7/31 Date Direct Materials Direct Labor Manufacturing Overhead 7/10 715 12 940 15 416 503 22 337 408 24 1,640 27 1,560 31 730 883 Cost of completed job:          Direct materials          Direct labor           Manufacturing overhead        Total cost        Unit cost

Solution

Cost of completed job:    Direct materials 4855 =715+940+1640+1560    Direct labor 1483 =416+337+730    Manufacturing overhead 1794 =503+408+883 Total cost 8132 Unit cost 3.39 (8132/2400) 1 Direct materials Materials requisition slips Direct labor Time tickets Manufacturing overhead Predetermined overhead rate 2 Predetermined manufacturing overhead rate = 1794/1483= 121% 3 Total cost of the completed job 8132 Unit cost of the completed job 3.39 4 31-Jul Finished Goods Inventory 8132        Work in Process Inventory 8132