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Job Cost Sheet - Job J-832-LM

This job cost sheet summarizes the costs for job J-832-LM over two weeks. In week 1, total job costs were $117,000 including $70,200 in direct materials, $29,250 in direct labor, and $17,550 in factory overhead. In week 2, total job costs were $143,000 including $85,800 in direct materials, $35,750 in direct labor, and $21,450 in factory overhead. In total, the job cost $260,000 which included $156,000 in direct materials, $65,000 in direct labor, and $39,000 in factory overhead.

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Abrar Ahmed Khan
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175 views2 pages

Job Cost Sheet - Job J-832-LM

This job cost sheet summarizes the costs for job J-832-LM over two weeks. In week 1, total job costs were $117,000 including $70,200 in direct materials, $29,250 in direct labor, and $17,550 in factory overhead. In week 2, total job costs were $143,000 including $85,800 in direct materials, $35,750 in direct labor, and $21,450 in factory overhead. In total, the job cost $260,000 which included $156,000 in direct materials, $65,000 in direct labor, and $39,000 in factory overhead.

Uploaded by

Abrar Ahmed Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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JOB COST SHEET -JOB

J-832-LM
Week1
Direct Material Cost            (58500+11700)
70,200
Direct Labor Cost            (13500+15750)
29,250
Factory Overhead            (50%*13500+12*
17,550 900)
Total         
117,000

Week 2
Direct Material Cost            (71500+14300)
85,800
Direct Labor Cost            (16500+19250)
35,750
Factory Overhead            (50%*16500+12*
21,450 1100)
Total         
143,000

Total Job Cost


Direct Material Cost          (70200+85800)
156,000
Direct Labor Cost            (29250+35750)
65,000
Factory Overhead            (17550+21450)
39,000
Total Job Cost         
260,000

Accounting Entries
COST INCURRED ON
THE JOB
Account Titles Debit Credit
Work in Process         
156,000
Raw Materials Inventory    156,000

Work in process           


65,000
Wages Payable      65,000

Work in process           


39,000
Factory Overhead      39,000
COMPLETION OF THE
JOB
Finished Goods         
Inventory 260,000
Work in process    260,000

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