Luvable Bears Ltd incurred the following costs to produce job number TB7B, which consisted of 1000 cuddly teddy bears that could walk, talk and play cards:
Applied on the basis of direct labour hours @ $12 per hour.
1. Prepare a job cost sheet and record the information given above. (Use Exhibit 4.10 as a guide.)
2. How might the managers at Luvable Bears use this information?