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At the beginning of July, the company has one job, job number 605, in progress from the previous month. This job is for an order of 20 small, standard doghouses. As of July 1, $512.00 of direct materials have been used, $480.00 of direct labor have been charged to the job and $48.00 of overhead was applied to the job. Click on the link below to get more detail on job number 605. During July, In the Doghouse received an order for 16 medium, deluxe doghouses. This is job number 701 and was completed by the end of the month. Another order was received during the month, job 702, for 12 large, standard doghouses. At the end of July, job 702 was still in process. $324 of direct materials has been used, $360 of direct labor has been charged to the job, and overhead was applied to job 702 using the predetermined overhead rate of 10% of direct labor cost. Complete the following job cost sheets for the month of July In the Doghouse and answer the following questions. Job 605 20 small, standard doghouses Direct materials Direct labor Overhead Total job cost Job 701 16 medium, deluxe doghouses Direct materials Direct labor Overhead Total job cost Job 702 12 large, standard doghouses Direct materials Direct labor Overhead Total job cost What is the balance in Work in Process on July 17 $

At the beginning of July, the company has one job, job number 605, in progress from the previous month. This job is for an order of 20 small, standard doghouses. As of July 1, $512.00 of direct materials have been used, $480.00 of direct labor have been charged to the job and $48.00 of overhead was applied to the job. Click on the link below to get more detail on job number 605. During July, In the Doghouse received an order for 16 medium, deluxe doghouses. This is job number 701 and was completed by the end of the month. Another order was received during the month, job 702, for 12 large, standard doghouses. At the end of July, job 702 was still in process. $324 of direct materials has been used, $360 of direct labor has been charged to the job, and overhead was applied to job 702 using the predetermined overhead rate of 10% of direct labor cost. Complete the following job cost sheets for the month of July In the Doghouse and answer the following questions. Job 605 20 small, standard doghouses Direct materials Direct labor Overhead Total job cost Job 701 16 medium, deluxe doghouses Direct materials Direct labor Overhead Total job cost Job 702 12 large, standard doghouses Direct materials Direct labor Overhead Total job cost What is the balance in Work in Process on July 17 $

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 17P: Luna Manufacturing Inc. completed Job 2525 on May 31, and there were no jobs in process in the...
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What is the balance in Work in Process on July 31? $ Think outside the box: What element would most likely be missing from a job cost sheet for a service organization? + Job number 605 Job number 605: The following job cost sheet was prepared at the end of the previous month and shows the direct materials, direct labor, and overhead costs as of the end of the month. When the job is completed in July, the amounts should show the totals for direct materials, direct labor, and overhead. Job 605 20 small, standard doghouses Direct materials $512 Direct labor 480 Overhead 48 Total job cost $1,040
Transcribed Image Text:What is the balance in Work in Process on July 31? $ Think outside the box: What element would most likely be missing from a job cost sheet for a service organization? + Job number 605 Job number 605: The following job cost sheet was prepared at the end of the previous month and shows the direct materials, direct labor, and overhead costs as of the end of the month. When the job is completed in July, the amounts should show the totals for direct materials, direct labor, and overhead. Job 605 20 small, standard doghouses Direct materials $512 Direct labor 480 Overhead 48 Total job cost $1,040
At the beginning of July, the company has one job, job number 605, in progress from the previous month. This job is for an order of 20 small, standard doghouses. As of July 1, $512.00 of direct materials have been used, $480.00 of direct labor have been charged to the job and $48.00 of overhead was applied to the job. Click on the link below to get more detail on job number 605. During July, In the Doghouse received an order for 16 medium, deluxe doghouses. This is job number 701 and was completed by the end of the month. Another order was received during the month, job 702, for 12 large, standard doghouses. At the end of July, job 702 was still in process. $324 of direct materials has been used, $360 of direct labor has been charged to the job, and overhead was applied to job 702 using the predetermined overhead rate of 10% of direct labor cost. Complete the following job cost sheets for the month of July In the Doghouse and answer the following questions. Job 605 20 small, standard doghouses Direct materials Direct labor Overhead Total job cost Job 701 16 medium, deluxe doghouses Direct materials Direct labor Overhead Total job cost Job 702 12 large, standard doghouses Direct materials Direct labor Overhead Total job cost What is the balance in Work in Process on July 1? $
Transcribed Image Text:At the beginning of July, the company has one job, job number 605, in progress from the previous month. This job is for an order of 20 small, standard doghouses. As of July 1, $512.00 of direct materials have been used, $480.00 of direct labor have been charged to the job and $48.00 of overhead was applied to the job. Click on the link below to get more detail on job number 605. During July, In the Doghouse received an order for 16 medium, deluxe doghouses. This is job number 701 and was completed by the end of the month. Another order was received during the month, job 702, for 12 large, standard doghouses. At the end of July, job 702 was still in process. $324 of direct materials has been used, $360 of direct labor has been charged to the job, and overhead was applied to job 702 using the predetermined overhead rate of 10% of direct labor cost. Complete the following job cost sheets for the month of July In the Doghouse and answer the following questions. Job 605 20 small, standard doghouses Direct materials Direct labor Overhead Total job cost Job 701 16 medium, deluxe doghouses Direct materials Direct labor Overhead Total job cost Job 702 12 large, standard doghouses Direct materials Direct labor Overhead Total job cost What is the balance in Work in Process on July 1? $
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