Question

A B C D E F G The following information was contained on the materials and labor sheets for Job 316 for Lansing Bikes. Code M represents a requisition for materials, and represents a time ticket. Management is using an overhead rate of 125% of direct labor. 1. The job cost sheet Date Document Amount 10 4/1 L-4521 2,540 11 4/5 M-2150 750 12 417 L-4533 3,250 13 4/12 M-2167 980 14 4/17 M-2182 250 16 Determine the total cost on the job cost sheet for Job 9-1005. 21 22 Total cost Job cost sheet: Job 316 Direct Materials Direct labore Time Req. # Amount Amount ticket Overhead Costs applied Date 28 Totals Problem 1 Problem 2 Problem 3 Problem 4

Answer 1

Job Cost Sheet: Job 316
	Direct Materials		Direct labor		Overhead	Total cost
Date	Req. #	Amount	Time ticket	Amount	Cost applied
4/1			L-452	2,540	2,540 X 125% = 3,175	5,715
4/5	M-2150	750				750
4/7			L-4533	3,250	3,250 X 125% = 4,062.50	7,312.50
4/12	M-2167	980				980
4/17	M-2182	250				250
Totals		$1,980		$5,790	$7,237.50	$15,008

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