Job Order Costing in a Service Organization
A job order cost card for Hal’s Computer Services appears at the top of the next page. Complete the missing information. The profit factor in the organization’s cost-plus contract is 30 percent of total cost.
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Job Order Cost Card Hal’s Computer Services |
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Customer: |
James Lowe |
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Job Order No.: |
8-324 |
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Contract Type: |
Cost-Plus |
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Type of Service: |
Software Installation and Internet Interfacing |
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Date of Completion: |
October 6, 2011 |
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Costs Charged to Job |
Total Cost |
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Software installation services |
|
|
Installation labor |
$300 |
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Service overhead (? % of installation labor costs) |
? |
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Total |
$450 |
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Internet services |
|
|
Internet labor |
$200 |
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Service overhead (20% of Internet labor costs) |
40 |
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Total |
$ ? |
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Cost Summary to Date |
Total Cost |
|
Software installation services |
$ ? |
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Internet services |
? |
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Total |
$ ? |
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Profit margin (30% of total cost) |
? |
|
Contract revenue |
$ ? |