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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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