Answer:
The purpose of a job cost sheet is to record the various costs that went into the manufacturing of a product or the provision of a service. This will enable the company know how much the process cost so that the company can understand the cost of the product better and make informed decisions based on this.
The information generally included in a job cost sheet include:
- Direct labor hours
- Direct materials used and their cost
- Material requisition number
- Manufacturing overhead rate and the basis (eg labor hours or machine hours).
- Total cost of production.
I think it’s 3 and 4 as the answer.
Answer:
45,300
Explanation:
The manufacturing overhead is 30%
Direct labour is $105,700
Direct material is $24,400
Therefore the manufacturing overhead can be calculated as follows
The first step is to find the conversion costs
1 -30/100CC= 105,700
1-0.3CC= 105,700
0.7CC= 105,700
CC= 105,700/0.7
CC= 151,000
= 151,000-105,700
= 45,300
Hence the manufacturing overhead is 45,300
there is a pension fund is one of grants
<span>The morgan company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and production departments. this is an example of departmentalization by function
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