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To keep records of the actual cost of a special order job, a Job Order...

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Accounting

To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost.
Job Order Costing Section
On January 1,20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed:
5-Jan Purchased 4,000 Lamp Kits @ $16.75 per kit.
9-Jan 4,100 sets of Lamp Kits were requisitioned, including all those in the Beginning Inventory.
17-Jan Payroll of 560 Direct Labor Hours @ $9.50 per hour.
30-Jan Payroll of 610 Direct Labor Hours @ $9.75 per hour.
30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing.
Month End Overhead Information
Actual Variable Manufacturing Overhead
$ 1,427.40
Actual Fixed Manufacturing Overhead
$39,373.45
Round to two places, $##.##
Cost of Direct Material Incurred in Manufacturing Job 2407
\table[[,,,,,],[,,,,,],[,,,,,67,000.00
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