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All jobs were started in June. Overhead is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in
All jobs were started in June. Overhead is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June, and Job 104 will be finished in July. 1. What was the total cost of direct materials requisitioned in June? 2. How much total direct labor cost was incurred in June? 3. How much total cost is transferred to Finished Goods Inventory in June?
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials $ 25,000 Labor 19,900 Overhead 9,310 Job Number 103 Materials $ 64,000 Labor 26, 200 Overhead 12, 838 Job Number 104 Materials $ 49,000 Labor 45, 900 Overhead 22,050All jobs were started in June. Overhead is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June, and Job 104 will be finished in July. 1. What was the total cost of direct materials requisitioned in June? 2. How much total direct labor cost was incurred in June? 3. How much total cost is transferred to Finished Goods Inventory in June? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 1. What was the total cost of direct materials requisitioned in June? 2. How much total direct labor cost was incurred in June? Direct Materials Job June 102 103 104 Total Direct Labor Job June 102 103 104 Total1. What was the total cost of direct materials requisitioned in June? 5'. How much total direct labor cost was incurred in June? 3. How.r much total cost is transferred to Finished Goods Inventory in June? Complete this queson by entering your answers in the labs below.Step by Step Solution
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