Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition E-M:2-22 Accounting for job costs Fraya Manufacturing reported the following materials requisitions for direct materials for Jobs 47, 48, and 49 during the month of March: Date Requisition Number Job Number Amount 2-Mar 254 48 $1,300 5-Mar 255 49 700 12-Mar 256 47 650 16-Mar 257 49 350 21-Mar 258 48 425 26-Mar 259 47 275 Fraya Manufacturing’s employees submitted the following labor time records related to Jobs 47, 48, and 49 for the month of March: Date Employee Labor Time Record Number Job Nbr. Hours Amount Job Nbr. Hours Amount 15-Mar Adams 62 47 16 $240 48 12 $180 15-Mar Benton 63 47 22 396 49 18 324 15-Mar Carson 64 48 15 300 49 18 360 31-Mar Adams 65 48 10 150 49 6 90 31-Mar Benton 66 47 15 270 48 18 324 31-Mar Carson 67 47 18 360 49 10 200 Fraya Manufacturing allocates manufacturing overhead using a predetermined overhead allocation rate of 50% of direct labor cost. Complete the job cost records for Jobs 47, 48, and 49, assuming all three jobs were started and completed during March. Round all calculations to the nearest dollar. Job 47 Total Cost $2,824

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 6SEA: JOURNAL ENTRIES FOR MATERIAL, LABOR, OVERHEAD, AND SALES Micro Enterprises had the following job...

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Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition

E-M:2-22 Accounting for job costs

Fraya Manufacturing reported the following materials requisitions for direct materials for Jobs 47, 48, and 49 during the month of March:

Date	Requisition Number	Job Number	Amount
2-Mar	254	48	$1,300
5-Mar	255	49	700
12-Mar	256	47	650
16-Mar	257	49	350
21-Mar	258	48	425
26-Mar	259	47	275

Fraya Manufacturing’s employees submitted the following labor time records related to Jobs 47, 48, and 49 for the month of March:

Date	Employee	Labor Time Record Number	Job Nbr.	Hours	Amount	Job Nbr.	Hours	Amount
15-Mar	Adams	62	47	16	$240	48	12	$180
15-Mar	Benton	63	47	22	396	49	18	324
15-Mar	Carson	64	48	15	300	49	18	360
31-Mar	Adams	65	48	10	150	49	6	90
31-Mar	Benton	66	47	15	270	48	18	324
31-Mar	Carson	67	47	18	360	49	10	200

Fraya Manufacturing allocates manufacturing overhead using a predetermined overhead allocation rate of 50% of direct labor cost.

Complete the job cost records for Jobs 47, 48, and 49, assuming all three jobs were started and completed during March. Round all calculations to the nearest dollar.

Job 47 Total Cost $2,824