SOLUTION

Chapter 20 Waterways Continuing Problem

WCP20 (a)
JOB COST SHEET
Job Number_______________ Quantity______________
Date Requested____________
Item___________________ Date Completed ____________
Diret Diret
!anu"aturin#
O$er%ead Date !aterials &abor
Hours Rate 'mount
Cost Summary
Diret materials (
Diret labor
!anu"aturin# o$er%ead
Total Cost (
)nit Cost (
20-1
JOB COST SHEET
Job Number_______________ Date Initiated_________________
Date Completed_______________
Item___________________
Diret Diret
!anu"aturin#
O$er%ead Date !aterials &abor
Hours Rate 'mount
Cost Summary
Diret materials (
Diret labor
!anu"aturin# o$er%ead
Total Cost (
)nit Cost (
20-2
'ns*er +a,
JOB COST SHEET
Job Number J-.
Quantity /00 units
Date Requested De /
Date Completed De 1-
Item speial order parts
Diret Diret
!anu"aturin#
O$er%ead Date !aterials &abor
Hours Rate 'mount
/2De ( 34056
32De ( 55 / 17/ ( 386 9 ( 88-
62De 6::
82De 55 3 386 14180
102De /40::
1-2De 55 3 386 14180
Cost Summary
Diret materials ( 54556
Diret labor 186
!anu"aturin# o$er%ead 34363
Total Cost ( 1:4/08
)nit Cost +(1:4/087/00 units, (0/;::
9 60:4-.5 /411/
20-3
JOB COST SHEET
Job Number <-/
Quantity 10/ units
Date Requested De /
Date Completed De 1-
Item speial order parts
Diret Diret
!anu"aturin#
O$er%ead Date !aterials &abor
Hours Rate 'mount
/2De ( 14.30
32De ( 33 / ( 386 ( .85
62De 0::
82De 33 / 386 .85
102De 14/::
1-2De 33 / 386 .85

Cost Summary
Diret materials ( 34330
Diret labor 88
!anu"aturin# o$er%ead /4366
Total Cost ( -46/1
)nit Cost +(-46/1710/ units, ( 0:;88
9 60:4-.5 /411/
20-4
+b, =ENER'& JO)RN'&
DEBIT CREDIT
1/71 Ra* !aterials In$entory -:43/:
'ounts >ayable -:43/:
(Purchase of raw materials on account)
1/7/ ?or@ in >roess In$entory -4/:/
Ra* !aterials In$entory -4/:/
(To assign materials to jobs J57 & K52)
1/7/ ?or@ in >roess In$entory 0:4:::
!anu"aturin# O$er%ead 34:::
Ra* !aterials In$entory 034:::
(To assign materials to jobs and overhead)
1/73 ?or@ in >roess In$entory 88
Aatory &abor 88
1/73
(To assign labor to jobs J57 & K52)
or! in Process "nventor#
!anu"aturin# O$er%ead
14.81
14.81
(To assign overhead to jobs J57 & K52)

1/76 ?or@ in >roess In$entory 14/::
Ra* !aterials In$entory 14/::
(To assign materials to jobs J57 & K52)

1/78 ?or@ In >roess In$entory 88
Aatory &abor 88
1/78
(To assign labor to jobs J57 & K52)
or! in Process "nventor#
!anu"aturin# O$er%ead
1488:
1488:
(To assign overhead to jobs J57 & K52)

1/71/ Aatory &abor 504:::
Aatory ?a#es >ayable 504:::
(To record factor# labor costs and $a#ment)

1/713 !anu"aturin# O$er%ead 84:::
Cas% 84:::
(To record $a#ment of factor# water bill)

1/710 ?or@ in >roess In$entory 345::
Ra* !aterials In$entory 345::
(To assign materials to jobs J57 & K52)


20-5
1/71- ?or@ In >roess 88
Aatory &abor 88
1/71-
(To assign labor to jobs J57 & K52)
?or@ in >roess In$entory
!anu"aturin# O$er%ead
1488:
1488:
(To assign overhead to jobs J57 & K52)
=ENER'& JO)RN'&
DEBIT CREDIT
1/71- Ainis%ed =oods In$entory 154:.:
?or@ in >roess In$entory 154:.:
(To record com$letion of jobs J57 & K52)
1/716 Ainis%ed =oods In$entory 084:::
?or@ in >roess In$entory 084:::
(To record com$letion of jobs)
1/7/1 !anu"aturin# O$er%ead 1/4:::
Cas% 1/4:::
(To record $a#ment of factor# electric bill)

1/731 !anu"aturin# O$er%ead 3546::
>roperty TaBes >ayable 1/4:::
>repaid Insurane 64:::
'umulated Depreiation 1546::
(To record overhead costs)

+, 1/731 Cost o" =oods Sold 34-::
!anu"aturin# O$er%ead9 34-::
(To transfer undera$$lied overhead to cost of goods sold)
*
+d, Sine prodution in$ol$ed t%e use o" ma%inery t%at required minimal labor4 usin# ma%ine %ours as t%e
ost dri$er "or produin# t%e sprin@ler %eads *ould more aurately re"let t%e o$er%ead osts t%an *ould
diret labor;
?%en t%e irri#ation system is installed4 t%is *ould require a #reat deal o" labor and minimal ma%inery;
T%ere"ore4 t%e ost dri$er "or o$er%ead osts *ould more li@ely be diret labor osts;
20-6