Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At the end of June, the job cost sheets at Zachary & Zara Roofers show the following costs accumulated on three jobs. At June
At the end of June, the job cost sheets at Zachary & Zara Roofers show the following costs accumulated on three jobs. At June 30 Job 5 Direct materials $ 15,000 Direct labor $ 8,000 Job 6 $ 33,000 $14,200 Job 7 $27,000 $ 21,000 Overhead applied $ 4,000 $ 7,100 $ 10,500 Additional Information: . Job 5 was started in May, and the following costs were assigned to it in May: 0 Direct materials, $6,000; direct labor, $1,800; and applied overhead, $900. o Job 5 was finished in June. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. Overhead cost is applied with a predetermined rate based on direct labor cost. Required: o The predetermined overhead rate did not change across these months. 1. What is the total cost of direct materials requisitioned in June? Answer: $ Show your computation: (whole number) 2. What is the total cost of direct labor used in June? Answer: $ (whole number) Show your computation:
Step 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