AKUNTANSI MANAJEMEN

JOB ORDER COSTING

Dosen pengampu: Fuad, S.ET., M.Si., Ph.D.

Disusun oleh :
Tata Firmansyah (40011419650018)

Kelas: A - D4 Akuntansi Perpajakan

AKUNTANSI PERPAJAKAN
SEKOLAH VOKASI
UNIVERSITAS DIPONEGORO
Soal 6-7 (Hal 253-254)

Bosserman Company, a job-order costing firm, worked on three jobs in July. Data are as follows:

Job #70 Job #71 Job #72

Balance, 7/1 $25,000 $0 $0

Direct materials $12,900 $9,900 $35,350

Direct labor $20,000 $6,500 $13,000

Machine hours 250 200 1,200

Material moves 50 10 200

Purchase orders 10 40 10

ABC is used to apply overhead to jobs. The power rate is $2 per machine hour; the materials
handling rate is $25 per move; and the purchasing rate is $40 per purchase order. By July 31,
Jobs #70 and #71 were completed, and Job #70 was sold. Job #72 remained in process. On July
1, the balance in Finished Goods was zero.

Required:

1. Prepare job-order cost sheets for each job showing all costs through July 31.

2. Calculate the balance in Work in Process on July 31.

3. Calculate the balance in Finished Goods on July 31.

4. Calculate Cost of Goods Sold for July

Answer:

1. Prepare job-order cost sheet for each job showing all costs through July 31.

Applied overhead calculations Job 70:

 Direct material $ 12,900

Direct labor $ 20,000

Machine hours 250 X $ 2 $ 500

Machine moves 50 X $ 25 $ 1,250

Purchase orders 10 X $ 40 $ 400

Total 310 $ 35,050

Predetermined overhead rate: 113.06

Applied overhead: 113.06 X 310 = $ 35,050

Applied overhead calculations Job 71:

Direct material $ 12,900

Direct labor $ 20,000

Machine hours 200 X $ 2 $ 400

Machine moves 10 X $ 25 $ 250

Purchase orders 40 X $ 40 $ 1,600

Total 350 $ 35,150

Predetermined overhead rate: 100.43

Applied overhead: 100.43 X 350 = $ 35,150

Applied overhead calculations Job 72:

Direct material $ 12,900

Direct labor $ 20,000

Machine hours 1,200 X $ 2 $ 2,400

 Machine moves 200 X $ 25 $ 5,000

Purchase orders 10 X $ 40 $ 400

Total 1,410 $ 40,700

Predetermined overhead rate: 28.87

Applied overhead: 28.87 X 1,410 = $ 40,700

Job Name: Job # 70

Date Started: July 1, 2009

Date Completed: July 31, 2009

Direct material $ 12,900

Direct labor $ 20,000

Applied overhead $ 35,050

Total cost $ 67,950

/ number of units / 310

Unit cost $ 219.19

Job Name: Job # 71

Date Started: July 1, 2009

 Date Completed: July 31, 2009

Direct material $ 9,900

Direct labor $ 6,500

Applied overhead $ 35,150

Total cost $ 51,550

/ number of units 350

Unit cost $ 147.29

Job Name: Job # 72

Date Started: July 1, 2009

Date Completed: July 31, 2009

Direct material $ 35,350

Direct labor $ 13,000

Applied overhead $ 40,700

Total cost $ 89,050

/ number of units / 1,410

Unit cost $ 63.16

2. Calculate the balance in Work in Process on July 31.

Job Name: Job # 72

Date Started: July 1, 2009

Date Completed: July 31, 2009

Direct material $ 12,900

Direct labor $ 20,000

Machine hours 1,200 X $ 2 $ 2,400

Machine moves 200 X $ 25 $ 5,000

Purchase orders 10 X $ 40 $ 400

Total 1,410 $ 40,700

3. Calculate the balance in Finished Goods on July 31.

Job-Order Cost Sheet Job-Ordered Cost Sheet

Job: Job # 70 Job: Job # 71

Direct material $ 12,900 $ 9,900

Direct labor $ 20,000 $ 6,500

Applied overhead $ 35,050 $ 35,150

Total cost $ 67,950 $ 51,550

/ number of units / 310 / 350

Unit cost $ 219.19 $ 147.29

Finished Goods Account

Job # 70 $ 67,950

Job # 71 $ 51,550
4. Calculate Cost of Goods Sold for July.

Statement of Cost of Goods Sold

Beginning finished goods inventory $ 0

Cost of goods manufactured $ 67,950

Goods available for sale $ 67,950

Less: Ending finished goods inventory $ 51,550

Normal cost of goods sold $ 16,400

Add: Underapplied overhead $ 32,900

Adjusted cost of goods sold $ 49,300