Week Ending 09/08Week Ending 09/15Material used, Dept. 1Rs. 676,200Rs. 366,275Direct labor rate, Dept. 1Rs. 2,310.35 per hourRs. 2310.35 per hourLabor hours used, Dept. 1490315Direct labor rate, Dept. 2Rs. 2,254 per hourRs. 2,254 per hourLabor hours used, Dept. 222888Machine hours, Dept. 2315175Applied factory overhead, Dept. 1Rs. 1,127 per labor hourRs. 1,127 per labor houfsApplied faciory overhead, Dept 2Rs. 507 per machine hourRs. 507 per machine hourMarketlng and admlnistrative costs are charged to each order at a rate of 23.5% of the cost tomanufacture.Required: A sultable cost sheet showing the above date. Dld the company make an adequate profitmargin on thls order? Q 1: Job order cost sheet. Crowley Company produces speclal machlnes made to customerspecifications. The following data pertain to Job 1206Cu stomer: Shelikoff Machine ShopDare started: 05/1/2Customer's Order No. C796Date finished: 09/15/20-Dated: August 25Total cost to manufacture: ?Page 1 of 4Descriptlon: 30 drilling unitsSales price: The sales price of the job,ww w wassumlng that it was contracted wlth a markup ofwwww35% costWeek Ending 09/08Week Ending 09/15

Given: Particulars Work Ending 09/08 Wok Ending 09/15 Direct Material Used Department…

Answered: Required: A sultable cost sheet showing…

Business

Accounting

Required: A sultable cost sheet showing the above date. Dld the company make an adeq uate profit margin on thls order?

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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