The Talbot Company has received an order (F324 for 100 widgets. On January 20 tme shop supervisor requisitioned 100 unts of part 503 at a cost of $5 per unt and 500 units of part 456 at a cost of$3 per unt to begn work on the 100 wdgets. On the same day 20 hours of direct labor at $20 per hour are used to work on the widgets On January 21, 200 units of part 543 at S6 per unt are requistioned and 10 hours of drect iabor at S5 per hour are performed on the 100 units of wdgets to complete the jo. Overhead s allocated to the job based on $5 per drect labor hour Required Prepare a job order cost sheet for the 100 widgets

The Talbot Company has received an order (F324 for 100 widgets. On January 20 tme shop supervisor requisitioned 100 unts of part 503 at a cost of $5 per unt and 500 units of part 456 at a cost of$3 per unt to begn work on the 100 wdgets. On the same day 20 hours of direct labor at $20 per hour are used to work on the widgets On January 21, 200 units of part 543 at S6 per unt are requistioned and 10 hours of drect iabor at S5 per hour are performed on the 100 units of wdgets to complete the jo. Overhead s allocated to the job based on $5 per drect labor hour Required Prepare a job order cost sheet for the 100 widgets

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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