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a. Record the following items: i. May 3. Direct materials, $862.50. Req. No. 392. ii. May 3. Direct labor, $129.00. iii. May 4. Direct labor, $248.00. iv. May 5. Direct materials, $472.50. Req. No. 399. May 5. Direct labor, $175.00. May 6. Direct labor, $192.00. vii. May 7. Direct labor, $295.00. viii. May 10. Direct materials, $360.00. Req. No. 428. v. vi. ix. May 10. Direct labor, $165.00. x. May 11. Direct labor, $152.00. xi. May 12. Direct labor, $124.00. b. Complete the cost sheet by totaling the Direct Labor and Direct Materials columns, calculating total cost using those totals and the factory overhead rate answer from step 3, and calculating cost per unit.

a. Record the following items: i. May 3. Direct materials, $862.50. Req. No. 392. ii. May 3. Direct labor, $129.00. iii. May 4. Direct labor, $248.00. iv. May 5. Direct materials, $472.50. Req. No. 399. May 5. Direct labor, $175.00. May 6. Direct labor, $192.00. vii. May 7. Direct labor, $295.00. viii. May 10. Direct materials, $360.00. Req. No. 428. v. vi. ix. May 10. Direct labor, $165.00. x. May 11. Direct labor, $152.00. xi. May 12. Direct labor, $124.00. b. Complete the cost sheet by totaling the Direct Labor and Direct Materials columns, calculating total cost using those totals and the factory overhead rate answer from step 3, and calculating cost per unit.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Item: Benches No. of Items: 80 DIRECT MATERIALS REQ. NO. AMOUNT Cost Sheet DIRECT LABOR DATE AMOUNT ITEM SUMMARY Direct Materials Direct Labor Factory Overhead (% of direct labor costs) Total Cost No. units finished Cost per unit AMOUNT
Transcribed Image Text:Item: Benches No. of Items: 80 DIRECT MATERIALS REQ. NO. AMOUNT Cost Sheet DIRECT LABOR DATE AMOUNT ITEM SUMMARY Direct Materials Direct Labor Factory Overhead (% of direct labor costs) Total Cost No. units finished Cost per unit AMOUNT
Al-Can Products, Inc. began work on an order for 80 benches. Complete the cost sheet for this work order. a. Record the following items: i. ii. iii. May 4. Direct labor, $248.00. iv. v. vi. May 6. Direct labor, $192.00. vii. May 7. Direct labor, $295.00. viii. May 10. Direct materials, $360.00. Req. No. 428. ix. May 10. Direct labor, $165.00. x. May 11. Direct labor, $152.00. xi. May 12. Direct labor, $124.00. b. Complete the cost sheet by totaling the Direct Labor and Direct Materials columns, calculating total cost using those totals and the factory overhead rate answer from step 3, and calculating cost per unit. May 3. Direct materials, $862.50. Req. No. 392. May 3. Direct labor, $129.00. May 5. Direct materials, $472.50. Req. No. 399. May 5. Direct labor, $175.00.
Transcribed Image Text:Al-Can Products, Inc. began work on an order for 80 benches. Complete the cost sheet for this work order. a. Record the following items: i. ii. iii. May 4. Direct labor, $248.00. iv. v. vi. May 6. Direct labor, $192.00. vii. May 7. Direct labor, $295.00. viii. May 10. Direct materials, $360.00. Req. No. 428. ix. May 10. Direct labor, $165.00. x. May 11. Direct labor, $152.00. xi. May 12. Direct labor, $124.00. b. Complete the cost sheet by totaling the Direct Labor and Direct Materials columns, calculating total cost using those totals and the factory overhead rate answer from step 3, and calculating cost per unit. May 3. Direct materials, $862.50. Req. No. 392. May 3. Direct labor, $129.00. May 5. Direct materials, $472.50. Req. No. 399. May 5. Direct labor, $175.00.
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