Maceda Glass and Aluminum Supply

Job Order Cost Sheet

Product: Fixed Glass with Awning Windows

Specification: 1.20m X 2.40m

Quantity: 1 set

Date Ordered: 10/28/17 Date of Delivery: 11/09/2017

Date Started: 11/02/17 Date Completed: 11/08/2017

Costing Details:

Direct Materials Cost Direct Labor Cost Factory Overhead Applied

Date Req. # Amount Date Amount Date Amount
Nov. 2 6,165.00 Nov. 2 700.00 Nov. 8 (60% of Direct
Labor Cost)
3 350.00 1,500.00
4 400.00
6 350.00
7 350.00
8 350.00
Total 6,165.00 2,500.00 1,500.00

Summary:

Direct Material Costs 6,165.00

Direct Labor Costs 2,500.00

Factory Overhead Applied 1,500.00

Total Factory Cost 10,165.00

Gross Profit (30%) 3,049.50

Job Cost (or Contact Price) 13,214.50

Dan and Altheas Bakery

Owner: Noel Pornobi

Dan and Altheas Bakery

Activity-Based Costing

Cost Driver and Activity Rate

Number of Units 12,960

Cost of Direct Materials 134,000

Labor Cost 24,000

Activity Relevant Cost Driver Activity Usage

Mixing Direct Labor Hours 150
Shaping and Cutting Direct Labor Hours 90
Machine set-up Number of setups 30
Baking Direct Labor Hours 40

Activity Activity Rate Activity Usage Activity Cost

Mixing 9.09 330 3,000.00
Shaping and Cutting 22.22 90 2,000.00
Machine set-up 300.00 30 9,000.00
Baking 75.00 40 3,000.00
TOTAL 17,000.00

Total Cost of the Order

Cost of Direct Materials 134,000.00

Labor Costs 24,000.00

Manufacturing Overhead 17,000.00

Total Cost 175,000.00

Maulawin Hardware

Owner: Edcel G. Velasco

Maulawin Hardware

Mixing Department

Process Cost Report: FIFO Method

For the month ended October 30

Beginning Inventory 2000

(units started last period)

Units started this period 7000

Units to be accounted for 9000

Current Equivalent units of Effort

Physical Unit Direct Materials % Incurred Conversion Cost % Incurred

Beginning Inventory 2000 --- 0% 400 20%

Units Started &

Completed this period 5000 5000 100% 5000 100%

Ending Inventory

(units started but not

completed this period) 2000 2000 100% 1000 50%

Units accounted for 9000 7000 6400

Total Costs

Beginning Inventory 17,858 = 14,751 + 3,107

Current Costs 56,917 = 51,667 + 5,250

Total Costs 74,775

Current Cost 51,667 + 5,250

Equivalent Units 7000 6400

Cost per equivalent unit 8.201 = 7.381 + 0.82

Cost of Goods Manufactured

And Transferred out:

From Beginning Inventory 17,858

Current Cost to Complete 328 = 0 + (400 x 0.82)

Units started and

Completed this period 41,005 = (5000 x 7.381) + (5000 x 0.82)

Cost of Goods Manufactured 59,191

Ending Inventory 15,582 (2000 x 7.381) + (1000 x 0.82)

Total Cost 74,773

 Maulawin Hardware

Shaping Department

Process Cost Report: FIFO Method

For the month ended October 30

Beginning Inventory 2000

(units started last period)

Units started this period 7000

Units to be accounted for 9000

Current Equivalent units of Effort

Physical Unit Direct Materials % Incurred Conversion Cost % Incurred

Beginning Inventory 2000 --- 0% 600 30%

Units Started &

Completed this period 5000 --- 0% 5000 100%

Ending Inventory

(units started but not

completed this period) 2000 --- 0% 900 45%

Units accounted for 9000 6500

Total Costs

Beginning Inventory 3,107 = 3,107

Current Costs 5,250 = 5,250

Total Costs 8,357

Current Cost 5,250

Equivalent Units 6500

Cost per equivalent unit 0.81 = 0 + 0.81

Cost of Goods Manufactured

And Transferred out:

From Beginning Inventory 3,107

Current Cost to Complete 486 = 0 + (600 x 0.81)

Units started and

Completed this period 4,050 = 0 + (5000 x 0.81)

Cost of Goods Manufactured 7,643

Ending Inventory 729 0 + (900 x 0.81)

Total Cost 8,372

Cost per equivalent unit: 8.201 + 0.81 = 9.01

Southern Luzon State University

College of Engineering

Lucban, Quezon

Financial Costing

Submitted By:

Cabunyag, Warren

Isaguirre, Taniel

Plopino, Melissa

Velasco, Yvonne

BSIE - IVGK

Submitted To:

Engr. Stella Y. Dahilig

IEE01 Instructor