Job Costs Using Activity-Based Costing Reider Company is a job-order costing firm that uses activity-based...
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Accounting
Job Costs Using Activity-Based Costing
Reider Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Reider identified three overhead activities and related drivers. Budgeted information for the year is as follows:
Activity
Cost
Driver
Amount of Driver
Materials handling
$112,500
Number of moves
5,000
Engineering
97,500
Number of change orders
6,500
Other overhead
196,800
Direct labor hours
48,000
Reider worked on four jobs in July. Data are as follows:
Job 13-43
Job 13-44
Job 13-45
Job 13-46
Beginning balance
$22,700
$18,300
$4,100
$0
Direct materials
$5,600
$9,150
$12,900
$11,600
Direct labor cost
$810
$1,050
$1,600
$150
Number of moves
42
52
29
4
Number of change orders
29
41
24
19
Direct labor hours
810
1,050
1,600
150
By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process.
3. Calculate the balance in Work in Process on July 31. $fill in the blank dc82740c307302a_1
4. Calculate the cost of goods sold for July. $fill in the blank dc82740c307302a_2
5. What if Job 13-46 required no engineering change orders? What is the difference in the new cost of Job 13-46?
$
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