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KellyV2012, Bachelor's Degree
Category: Business and Finance Homework
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Experience:  Business Administration Option is Accounting and Finance
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A job cost sheet of Battle Company is given below. JOB NO.

Customer Question

A job cost sheet of Battle Company is given below.
JOB NO. 469 Quantity 2,000
ITEM White Lion Cages Date Requested 7/2
FOR Tesla Company Date Completed 7/31

Job Cost Sheet

job number direct materials direct labor Manufacturing overhead
7/10 828
12 900 440 528
15 380 456
24 1600
27 1500
31 540 648

(a) Answer the following questions.
(1) What are the source documents for direct materials, direct labor, and manufacturing
overhead costs assigned to this job?
(2) What is the predetermined manufacturing overhead rate?
(3) What are the total cost and the unit cost of the completed job?
(b) Prepare the entry to record the completion of the job.

E2-9 At May 31, 2005, the accounts of Yellow Knife Manufacturing Company show the
1. May 1 inventories—finished goods $12,600, work in process $14,700, and raw materials
2. May 31 inventories—finished goods $11,500, work in process $17,900, and raw materials
3. Debit postings to work in process were: direct materials $62,400, direct labor $32,000,
and manufacturing overhead applied $48,000.
4. Sales totaled $200,000.
(a) Prepare a condensed cost of goods manufactured schedule.
(b) Prepare an income statement for May through gross profit.
(c) Indicate the balance sheet presentation of the manufacturing inventories at May 31,
Submitted: 5 years ago.
Category: Business and Finance Homework
Expert:  KellyV2012 replied 5 years ago.

KellyV2012 :

Hi, I would like to assist you. When do you need it by?

Customer :

tomorrow before 9pm mst

KellyV2012 : Okay. I'll have it for you in the morning...
Expert:  KellyV2012 replied 5 years ago.

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