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Job Cost Sheet |
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Job Number: 2C
Department: Manufacturing
Item: Chocolate Chip Cookies |
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Date Initiated: April 29, 2008
Date Completed: 4-Apr
Units Completed: 30 |
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Direct Materials
Salt: $0.69
Sugar: $1.69
Baking Soda: $1.05
Vanilla Extract: $5.29
Cane Sugar: $3.09
Flour: $3.35
Chocolate Chips: $3.15
Butter: $4.49
Eggs: $4.29
TOTAL: $27.09 |
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Direct Labor
Planner: 1 hour
Materials: 1 hour
Mixer: 1 hour
Baker: 2 hours
Quality Control: 1 hour
Accountant: 1 hour
Implementer: 1 hour
TOTAL: 8 hours |
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Amount
$12.00
$8.31
$8.31
$16.62
$9.00
$15.00
$12.00
TOTAL: $81.24 |
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Manufacturing Overhead
DM: $27.09
Rate: $2.00
Amount: $54.18 |
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Comments: After the first group meeting, we delegated team assignments to each member. According to the basic hour rate on labor, we decided to pay planner $12/hour, materials $8.31/hour, mixer $8.31/hour, baker $8.31/hour, quality control $9.00/hour, accountant $15.00/hour and implementer $12.00/hour. We estimated that the total hours would amount to 8 hours. Then direct labor cost should be $81.24. Based on what we learned from the textbook, Managerial |
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Cost Summary
Direct Materials: $27.09
Direct Labor: $81.24
Manufacturing Overhead: $54.18
Total Cost: $162.51
Unit Product Cost: $0.90 |
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Accounting, direct labor accounted for up to 60% of the cost of products, with overhead cost making up only a portion of the remainder. If we set cost products as 100% (X), and we know direct labor is $81.24 (60%), X=($81.24/60)*100=$135.40; overhead cost=$135.40-$81.24=$54.16. In fact, we have Manufacturing Overhead listed as following: |
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Glue stick: $1.99
Yardstick: $3.49
Posterboard: $8.96
Foamboard: $15.16
Display: $15.49
Letters: $5.99
Utilities: $3.00
TOTAL MOH: $54.08 |
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There is only a little difference between $54.16 (estimated) and $54.08 (actual). We spent $27.09 on direct materials, so an overhead rate of $2 for every $1 of direct material actually matches the overhead rate estimated in our group.
$54.16/$27.09=1.999. |
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