Job Order Costing with Cost-Plus Contracts
Job Order Costing with Cost-Plus Contracts
Complete the following job order cost card for an individual tax return:
|
Job Order 2011-A7 |
|||||
|
Job Order Cost Card Doremus Tax Service Puyallup, Washington
|
|||||
|
Customer: |
Arthur Farnsworth |
Batch: |
Custom: |
X |
|
|
Specifications: |
Annual Individual Tax Return |
||||
|
Date of Order: |
3/24/2011 |
Date of Completion: |
4/8/2011 |
||
|
Costs Charged to Job |
Previous Months |
Current Month |
Total Cost |
|
Client interview |
|||
|
Supplies |
$10 |
$ — |
$ ? |
|
Labor |
50 |
60 |
? |
|
Overhead (40% of interview labor costs) |
20 |
24 |
? |
|
Totals |
$ ? |
$ ? |
$ ? |
|
Preparation of return |
|||
|
Supplies |
$— |
$ 16 |
$ ? |
|
Computer time |
— |
12 |
? |
|
Labor |
— |
240 |
? |
|
Overhead (50% of preparation labor costs) |
— |
120 |
? |
|
Totals |
$— |
$ ? |
$ ? |
|
Delivery |
|||
|
Postage |
$— |
$ 12 |
$ ? |
|
Totals |
$— |
$ ? |
$ ? |
|
Cost Summary to Date |
Total Cost |
|
Client interview |
$ ? |
|
Preparation of return |
? |
|
Delivery |
? |
|
Total |
$ ? |
|
Profit margin (25% of total cost) |
? |
|
Job revenue |
$ ? |