Job Order Costing in a Service Organization
A job order cost card for Mini blinds by Jenny appears below. Complete the missing information. The profit factor in the company’s cost-plus contract is 50 percent of total cost.
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Job Order Cost Card Miniblinds by Jenny |
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Customer: |
Carmen Sawyer |
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Job Order No.: |
8-482 |
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Contract Type: |
Cost-Plus |
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Type of Service: |
Miniblind Installation and Design |
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Date of Completion: |
June 12, 2011 |
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Costs Charged to Job |
Total Cost |
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Installation services |
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Installation labor |
$445 |
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Service overhead (80% of installation labor costs) |
? |
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Total |
$? |
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Designer services |
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Designer labor |
$200 |
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Service overhead (? % of designer labor costs) |
? |
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Total |
$400 |
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Cost Summary to Date |
Total Cost |
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Installation services |
$ ? |
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Designer services |
? |
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Total |
$ ? |
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Profit margin (50% of total cost) |
? |
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Contract revenue |
$ ? |