PROBLEM V (7 Points) A job cost sheet of Tempus Company is given below. Job...
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PROBLEM V (7 Points) A job cost sheet of Tempus Company is given below. Job Cost Sheet JOB NO. 172 Quantity FOR James Company Date Completed 2.000 5/31 Date Direct Labor Manufacturing Overhead Direct Materials 1,035 1,126 5/10 15 770 686 490 670 938 24 1,000 1,875 31 Cost of completed job: Direct materials Direct labor Manufacturing Overhead Total cost Unit cost Instructions: In the space provided, answer the following questions: (a) Answer the following questions. (1) What is the predetermined manufacturing overhead rate, as it is a % of direct labor? (2) What are the total cost AND the unit cost of the completed job? (b) Prepare the entry to record the completion of the job
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