Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Job

At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Job 5 Job 6 Job 7 $ 27,500 $ 16,000 $ 33,500 Direct materials Direct labor Overhead applied 9,000 15,200 22,000 11,000 4,500 7,600 Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $6,500; direct labor, $2,300; and applied overhead, $1,400. Job 5 was finished in June. b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months. Required 1. What is the total cost of direct materials requisitioned in June?

Step by Step Solution

3.34 Rating (145 Votes )

There are 3 Steps involved in it

Step: 1

Cost of Direct Materials requisitieoned in June 1 Job 5 ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: John J Wild, Ken Shaw

25th Edition

1260247988, 978-1260247985

More Books

Students also viewed these Accounting questions