The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date Document Amount 7/1/2017 Q-4698 $ 1,250 7/1/2017 W-3393 600 7/5/2017 Q-4725 1,000 7/5/2017 W-3479 450 7/10/2017 W-3559 300 Determine the total cost on the job cost sheet for Job 9-1005.

Total cost for Job 9-1005 = $ 5,085

Explanation:

Calculation for total cost for Job 9-1005

Direct materials

Q-4698          $1,250

Q-4725          $1,000

Total Direct material cost = $ 2,250

Direct labor

W-3393          $ 600

W-3479          $ 450

W-3559          $ 300

Total direct labour Cost = $ 1,350

add: Overhead cost 110% of total direct labor cost: $1,350×110%= $1,485

Total Cost on Job is: $2,250+$1,350+$1,485 = $5,085

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return