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At the beginning of June, Donewell Company had two jobs in process Job 4 4 and Job 4 5 with the following accumulated cost information:
At the beginning of June, Donewell Company had two jobs in processJob and Job with the following accumulated cost information:
Job Job
Direct materials $ $
Direct labour
Applied overhead
Balance, June $ $
During June, two more jobs and were started. The following direct materials and direct labour costs were added to the four jobs during the month of June:
Job Job Job Job
Direct materials $ $ $ $
Direct labour
At the end of June, Jobs and were completed. Only Job was sold. On June the balance in Finished Goods was zero.
Required:
Question Content Area
Calculate the overhead rate based on direct labour cost.
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Question Content Area
Prepare a brief joborder cost sheet for the four jobs. Show the balance as at June as well as direct materials and direct labour added in June. Apply overhead to the four jobs for the month of June, and show the ending balances. For those boxes in which no entry is required, enter
Rhone Company
JobOrder Cost Sheet
For the Month of June
Job Job Job Job
Beginning balance, June $fill in the blank dacf
$fill in the blank dacf
$fill in the blank dacf
$fill in the blank dacf
Direct materials fill in the blank dacf
fill in the blank dacf
fill in the blank dacf
fill in the blank dacf
Direct labour fill in the blank dacf
fill in the blank dacf
fill in the blank dacf
fill in the blank dacf
Applied overhead fill in the blank dacf
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Total, June $fill in the blank dacf
$fill in the blank dacf
$fill in the blank dacf
$fill in the blank dacf
Question Content Area
Calculate the ending balances of Work in Process and Finished Goods as at June
Work in process $fill in the blank dbfdef
Finished goods $fill in the blank dbfdef
Calculate the Cost of Goods Sold for June.
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