Answered step by step
Verified Expert Solution
Question
1 Approved Answer
15-3 please help answer this question Exercise 15-3 Analysis of cost flows LO C2 As of the end of June,the s coxt hees t aceng
15-3 please help answer this question
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June,the s coxt hees t aceng wheels Inc, show the folowing total costs accumulated on tre cetom pdse total costs accumulated on three custom jobs Direct saterials Direct labor verheed applied 537,980 $65.880 $58,808 11,8e0 l 26-79045.008 5.178 12,549 2 158 8o0k Hint Job 102 was started in production in May and the folowing costs were assigned to it in May direct materials, S10000 direct labor $2 900: and overhead, $1.363 Jobs 103 and 104 were started in June. Overhead cost is applied with a predetermined rate based on Prin abor cost. Jobs 102 and 103 were finished in June. and Job 104 is expected to be finished in July No raw materials were used terencesf indirectly in June. Using this information answer the fol not change across these months.) 1&2. Complete the table below to calculate the cost of the raw moterials requisitioned and direct labor cost i each of the three jobs? 3.Using the accumulated costs of the jobs, what predetermined overheed rate is used? 4. How much total cost is transferred to finished goods dunrig June? incurred during June e Complete this question by entering your answers in the tabs below Req 1 and 2Reo 3 Rea a Using the accumulated costs of the jobs, what predetermined overhead rate is used? Complete this question by entering your answers in the tabs below Req 1 and 2Reg 3 Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June for 031 pcints 3Reg 4 each of the three obs7 June Total 102 103 104 Total 15,000 9 000 15000 9,000 27.000 51.000 Prim References 51.000 Direct Loboc May June Total Job 102 103 104 Total Req 3 ) Chapter 15 Homework Complete this question by entering your answers in the tabs below. 0.31 points Rea 1 and 2Re 3 Req 4 using the accumulated costs of the jobs, what predetermined overhead rate is usad? Overheed Rate Job 102 Overhoad rate Job 103 Overhead rate Job 104 Overhead rate C Req 1 and 2 Req 4 1&2. Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incur each of the three jobs? 3. Using the accumulated costs of the jobs, what predetermined overhead rate is used? 4. How much total cost is transferred to finished goods during June? 031 points Complete this question by entering your answers in the tabs below Req 1 and 2 Rea 3 3 Req 4 aak How much total cost is transferred to finished goods during June? DirectDirectApplied MateriaisLabor S 17,000S11 000 Cost Transferred to Referenc Overhead Total Cost 102 103 104 Total 65.00026 700 E O45 000 50.000 S 132000 5 82 700 C Reg 3Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started