PROBLEM #1 – Job Order Cost Sheets for Questions 31 to 40…
PROBLEM #1 – Job Order Cost Sheets for Questions 31 to 40 (2 points each) Gaga, Inc. uses a job order cost system. The material and labor are already entered below in the schedule of manufacturing costs. The factory overhead rate is applied to jobs at $65 per machine hour. The machine hours used are: Job 201 – 215 hours; Job 202 – 230 hours; Job 203 – 300 hours; and Job 204 – 225 hours. Complete the schedule of manufacturing costs below for both the factory overhead and total columns. Direct Direct Factory Job Number Materials Labor Overhead Total Job 201 $18,100 $17,000 $(A) $(F) Job 202 20,000 25,500 (B) (G) Job 203 34,500 33,500 (C) (H) Job 204 17,800 18,300 (D) (I) Total $90,400 $94,300 $(E) $(J) (A) What is the factory overhead for Job 201? (No dollar signs “$” or commas “,” in your answers)
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