The following information is from the materials requisitions and time tickets for job 9-1005 completed by great bay boats. the requisitions

$1,350.Explanation:Concepts and reasonJob order Costing: It is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.   Direct materials: Direct materials are the raw materials which are directly related with the production of the goods.Direct labor cost: The labor cost includes the wages or salaries paid to employees who physically produce goods or services.Overhead costs: The costs, which do not relate directly with the manufacturing of products, are referred to as overhead costs or indirect costs.FundamentalsTotal job cost is the total of total direct material cost, total direct labor cost and total overhead cost. The formula to calculate the total cost for job is shown below:Total cost for job = {Total direct material cost +                                     Total direct labor cost+                                  Total overhead cost}Total overhead cost is calculated by multiply total direct labor cost with percentage of direct labor cost.  The formula to calculate the total overhead cost is shown below:Totaloverheadcost=  ​(Totaldirectlaborcost                                ×)​    Calculate total direct labor cost:Totaldirectlaborcost = (  DocumentW3393                                        +DocumentW3479                                        +DocumentW3559)  =$600+$450+$300=$1,350Therefore, the total direct labor cost is $1,350.inconclusion: ​It is mentioned to calculate the total cost on the job cost sheet for Job 9-1005. Thus, it is calculated on the basis of total direct labor cost. Total direct labor cost is the total of all the direct labor cost incurred for the completion of the job. Here, labor costs of document W3393 are $600; document W3479 is $450 and document W3559 is $300. So, total direct labor cost is $1,350.... Show More

$5,085Explanation:The preparation of Job Sheet is shown below:-                               Great Bay Boats                                Job Sheet cost                                   Job 9-1005Particulars                                     Amount Direct material costQ-4698                                           $1,250Q-4725                                            $1,000Total cost                                        $2,250Direct labor cost W-3393                                           $600 W-3479                                            $450W-3559                                             $300Total cost                                         $1,350Overhead cost($1,350 × 110%)                                  $1,485Total cost for Job 9-1005                $5,085... Show More

Answer for the question: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. Determine the total cost on the job cost sheet for Job 9-1005.Date Document Amount 7/1/2103 Q-4698 $1,2507/1/2013 W-3393 6007/5/2013 Q-4725 1,0007/5/2013 W-3479 4507/10/2013 W-3559 300Is given in the attachment.Explanation:... Show More

Solution:Costing of the work order refers to the scheme by which batches of the product or particular component are allocated production costs.  The costs of the work order shall be borne where the commodity generated by the firm is substantially specific. Consequently, the expense of Job No. 9-1005 is estimated as follows:Particulars                                                   Amount Direct material issued to Q-4698               $1.250 Direct material issued to Q-4725               $1,000 Direct Labor issued to W-3393                   $600 Direct Labor issued to W-3479                   $450 Direct Labor issued to W-3559                   $300 Overhead (51.350 x 1. I)                               $4.160 Cost pertaining to Job No. 9-1005             $5,085  Hence, it is ascertained that the cost pertaining to Job No. 9-1005 accounts for  $5,085... Show More

The total cost of job is calculated as the sum of direct materials, direct labor and overhead costs associated for the job. The overhead costs should be calculated at 110% of the direct labor.⇒ Direct MaterialDate         Requisition         Cost7/1             Q-4698               $1,2507/5            Q-4725               $1,000                             TOTAL = $2,250⇒ Direct LabourDate         Time Ticket         Cost7/1             W-3393               $6007/5            W-3479               $4507/10           W-3559              $300                                                TOTAL = $1,350⇒ Overhead cost is 110% of Direct labour cost for each job givenTotal labour cost of the job is $1,350Overhead cost = $1,350 x 110%                           = $1,485TOTAL OVERHEAD COST = Direct Material + Direct Labour + OverheadTOC = $2,250 + $1,350 + $1,485TOC = $5,085... Show More

Total cost for Job 9-1005 = $ 5,085Explanation:Calculation for total cost for Job 9-1005Direct materials Q-4698          $1,250Q-4725          $1,000Total Direct material cost = $ 2,250 Direct laborW-3393          $ 600W-3479          $ 450W-3559          $ 300Total direct labour Cost = $ 1,350add: Overhead cost 110% of total direct labor cost: $1,350×110%= $1,485Total Cost on Job is: $2,250+$1,350+$1,485 = $5,085... Show More