Question: The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Wright 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 140% of direct labor cost for each job. Determine the total cost on the job cost sheet for Job 9-1005.
Date Document Amount
7/1/2011 . . . . . . . . . . Q-4698 $1,350
7/1/2011 . . . . . . . . . . W-3393 700
7/5/2011 . . . . . . . . . . Q-4725 1,100
7/5/2011 . . . . . . . . . . W-3479 550
7/10/2011 . . . . . . . . . W-3559 400