APPLY THE CONCEPTS: Complete the job cost sheets for In the…
Question Answered step-by-step APPLY THE CONCEPTS: Complete the job cost sheets for In the… APPLY THE CONCEPTS: Complete the job cost sheets for In the Doghouse CompanyIn the Doghouse Company builds doghouses. They have three sizes: small, medium and large. Each size can be built in one of two styles, standard or deluxe. All doghouses are built with treated lumber and have shingled roofs. The deluxe model is insulated and has a covered porch. In the Doghouse sells mostly to local hardware and garden stores.The costs for direct materials and direct labor for each type of doghouse are shown in the table below. Thedirect materials costindirect materials costdirect materials costincludes costs for lumber, shingles, stain or paint, and insulation. Nails and glue are also used in the construction and are considereddirect materialsindirect materialsindirect materialswhich make them part of overhead. The company employs two carpenters and a part-time student to maintain the equipment and clean the shop. The carpenters’ wages aredirect labor.indirect labor.direct labor.The student’s wages aredirect laborindirect laborindirect laborand, therefore, part of overhead. Other overhead costs include depreciation of equipment and the building, insurance, utilities, and taxes. Overhead is applied at 10% of direct labor cost. In the Doghouse summarizes costs by direct materials, direct labor, and overhead on its job cost sheets. DirectMaterialsDirectLaborStandard: Small$64$60Medium11190Large135150Deluxe: Small$78$120Medium152180Large256240At the beginning of September, the company has one job, job number 807, in progress from the previous month. This job is for an order of 12 large, standard doghouses. As of September 1, $324.00 of direct materials have been used, $360.00 of direct labor have been charged to the job and $36.00 of overhead was applied to the job. Click on the link below to get more detail on job number 807.During September, In the Doghouse received an order for 16 medium, standard doghouses. This is job number 901 and was completed by the end of the month.Another order was received during the month, job 902, for 20 small, deluxe doghouses. At the end of September, job 902 was still in process. $936 of direct materials has been used, $1,440 of direct labor has been charged to the job, and overhead was applied to job 902 using the predetermined overhead rate of 10% of direct labor cost.Complete the following job cost sheets for the month of September In the Doghouse and answer the following questions.Job 80712 large, standard doghousesDirect materials$fill in the blank 7131d907bfda07f_5Direct laborfill in the blank 7131d907bfda07f_6Overheadfill in the blank 7131d907bfda07f_7 Total job cost$fill in the blank 7131d907bfda07f_8Job 90116 medium, standard doghousesDirect materials$fill in the blank 7131d907bfda07f_9Direct laborfill in the blank 7131d907bfda07f_10Overheadfill in the blank 7131d907bfda07f_11 Total job cost$fill in the blank 7131d907bfda07f_12Job 90220 small, deluxe doghousesDirect materials$fill in the blank 7131d907bfda07f_13Direct laborfill in the blank 7131d907bfda07f_14Overheadfill in the blank 7131d907bfda07f_15 Total job cost$fill in the blank 7131d907bfda07f_16What is the balance in Work in Process on September 1? $fill in the blank 7131d907bfda07f_17What is the balance in Work in Process on September 30? $fill in the blank 7131d907bfda07f_18Think outside the box:What element would most likely be missing from a job cost sheet for a service organization?direct laborDirect materialsOverhead + Job number 807Job number 807: 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 September, the amounts should show the totals for direct materials, direct labor, and overhead.Job 80712 large, standard doghousesDirect materials$324Direct labor360Overhead36 Total job cost$720 Accounting Business Financial Accounting ACC 202 Share QuestionEmailCopy link Comments (0)
