Background:

Smith Die Company manufactures cutting dies fhe shoe industry. Each set of dies is custom designed to a customer's templates. During the first week of May, six orders were received from customers. They were assigned job numbers 1005-1010. The following transactions occured during the first week of May:

Received shipment of steel from Eastern Steel costing $5000.00

Received and paid for supplies (indirect) materials from Mallard Supply costing $2300.00

Material requisitions indicated that materials were issued to the factory floor as follows:

Job # Direct Materials Indirect Materials

1005 $600 n/a

1006 $800 n/a

1007 $1500 n/a

1008 $600 n/a

1009 $400 n/a

1010 $300

Totals $4200 $800

The labor time ticket summary reflected the following costs for the week:

Job # Direct Labor Indirect Labor

1005 $1500 n/a

1006 $1900 n/a

1007 $3200 n/a

1008 $1300 n/a

1009 $800 n/a

1010 $600 n/a

Totals $9300 $6400

Overhead was applied to all jobs in process at 180% of direct labor cost. Jobs 1005, 1006, 1007, and 1008 were completed and transferred to finished goods. Jobs 1009 and 1010 were still in process at the end of the week. Jobs 1005, 1006, 1007, and 1008 were shipped to customers and billed at 150% of total job cost.

Part A. Calculate the total cost of each job.

Cost of jobs:

1005 1006 1008 1009 1010

Material (amount) (amount) (amount) (amount) (amount)

Labor (amount) (amount) (amount) (amount) (amount)

Overhead (amount) (amount) (amount) (amount) (amount)

Total