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Exercise 171 (Part Level Submission) A job cost sheet of Fugate Company is given below. Job...

Exercise 171 (Part Level Submission)

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
0 0
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Answer #1

Answer

Cost of completed job: [Workings]
Direct materials $5,320 [1330 + 1120 + 1000 + 1870]
Direct labor $1,700 [550 + 480 + 670]
Manufacturing Overhead $2,550 [825 + 720 + 1005]
Total cost $9,570
Unit cost $6.38 [$ 9570 / 1500 units
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