FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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u Technology Co. manufactures DVDS for computer software and entertainment companies. Tu uses job order costing. On November 2, Tu began production of
,900 DVDS, Job 423, for Diorama Pictures for $1.40 sales price per DVD. Tu promised to deliver the DVDS to Diorama Pictures by November 5. Tu incurred the
ollowing direct costs:
(Click the icon to view the costs.)
A (Click the icon to view additional information.)
Read the requirements.
Direct materials
Direct labor
Manufacturing overhead allocated
Labor Time
Requisition
Record
Number
Number
Amount
Date
Rate
Amount
Date
Amount
11-3
145% of direct
372
24
180
labor cost
11-2
63
2$
655
700
Overall Cost Summary
11-2
64
126
656
260 Direct materials
1198
11-3
74
Direct labor
440
Manufacturing overhead
Allocated
Total Job Cost
$
1,198
$4
440 Cost per DVD
Totals
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Transcribed Image Text:u Technology Co. manufactures DVDS for computer software and entertainment companies. Tu uses job order costing. On November 2, Tu began production of ,900 DVDS, Job 423, for Diorama Pictures for $1.40 sales price per DVD. Tu promised to deliver the DVDS to Diorama Pictures by November 5. Tu incurred the ollowing direct costs: (Click the icon to view the costs.) A (Click the icon to view additional information.) Read the requirements. Direct materials Direct labor Manufacturing overhead allocated Labor Time Requisition Record Number Number Amount Date Rate Amount Date Amount 11-3 145% of direct 372 24 180 labor cost 11-2 63 2$ 655 700 Overall Cost Summary 11-2 64 126 656 260 Direct materials 1198 11-3 74 Direct labor 440 Manufacturing overhead Allocated Total Job Cost $ 1,198 $4 440 Cost per DVD Totals
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