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315
P10–2, Concluded
4. Schedule of completed jobs on hand, April 30, 20Y4*:
Direct Direct Factory
Job Materials Labor Overhead Total
Finished Goods, April 30
5. Schedule of unfinished jobs*:
Direct Direct Factory
Job Materials Labor Overhead Total
316
P10–3
1. and 2.
JOB COST SHEET
Customer Millard Schmidt Date February 14, 20Y1
Address 315 White Oak Drive Date wanted March 15, 20Y1
Columbus, GA Date completed March 9, 20Y1
Item Reupholster couch and chair Job. No. 02-019
ESTIMATE
Direct Materials Direct Labor Summary
Amount Amount Amount
ACTUAL
Direct Materials Direct Labor Summary
Mat.
Req.
No.
Descrip-
tion
Amount
Time
Ticket
No.
Descrip-
tion
Amount
Item
Amount
317
P10–4
1. Supporting calculations:
Job No.
Quan-
tity
May 1
Work in
Process
Direct
Materials
Direct
Labor
Factory
Overhead
Total
Cost
Unit
Cost
Units
Sold
Cost of
Goods
Sold
No. 0521 100 $1,500 $ 5,000 $ 15,000 $ 18,000 $ 39,500 $395.00 80 $ 31,600
(A) $34,600. Materials applied to production in May plus indirect materials.
2. May 31 balances:
Materials $14,400 ($9,000 + $40,000 – $34,600)
318
1. R-TUNES INC.
CYCLONE PANIC CD
Income Statement
For the Year Ended December 31, 20Y8
Sales .......................................................... $3,800,000
Cost of goods sold ................................... (807,500)
Supporting calculations:
Manufacturing cost per unit (CD):
Direct materials:
Blank CD .......................................................... $ 0.40
2. Finished Goods balance, December 31, 20Y8:
Work in Process, December 31, 20Y8:
319
METRIC-BASED ANALYSIS
MBA 10–1
a.
Unit
Date Job No. Quantity Product Amount Cost
Jan. 13 1 180 Mercury $ 4,500 $25
Jan. 29 26 1,020 Venus 8,160 8
Mercury Unit Costs
$25
$30
320
MBA 10–1, Concluded
Venus Unit Costs
Pluto Unit Costs
b. Management should determine why Pluto costs are increasing and why
$15
$15
321
MBA 10–2
a. The first item to note is that the cost did not go up due to any increases in the
cost of labor or materials. Rather, the cost of the plaques increased because
b. An analysis of actual and expected labor hours for Job 05-1 and Job 08-11 is
as follows:
Job 05-1
Engraving:
Actual hours 40.0 hours
Job 08-11
Engraving:
Actual hours 50.0 hours
Based upon the preceding analysis, assembly is operating as expected.
However, actual hours for engraving exceed the expected hours for both jobs.
322
MBA 10–3
The direct materials cost exceeded the estimate by $36 because 4 meters of
materials were spoiled. The direct labor cost exceeded the estimate by $20
even though the laborer was paid $2 less than expected per hour because an
MBA 10–4
Two or three trends seem apparent.
a. There appears to be a strong “Friday effect.” The unit cost on Friday increases
A number of further pieces of information should be requested.
a. It would be good to verify these trends with some other products. This trend
