Check my ProDiem 19-1A (Aigo) Computing JoD costs and overnead rate; assigning costs to inventory LU C1, P3 [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Direct materials Direct labor Overhead applied Additional Information Job 5 $ 16,000 9,000 4,500 Job 6 $ 33,500 15,200 7,600 Job 7 $ 27,500 22,000 11,000 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. Problem 19-1A (Algo) Part 1 Required 1. What is the total cost of direct materials requisitioned in June? Direct materials requisitioned in June At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three JOBS. At June 30 Direct materials Direct labor Overhead applied Additional Information Job 5 $ 16,000 9,000 4,500 Job 6 $ 33,500 Job 7 $ 27,500 15,200 7,600. 22,000 11,000 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. Problem 19-1A (Algo) Part 2 2. What is the total cost of direct labor used in June? Direct labor used in June At the end of June, the job cost sheets At June 30 Direct materials Direct labor Overhead applied Additional Information Job 5 $16,000 9,000 4,500 Job 6 $33,500 15,200 Job 7 $27,500 22,000 7,600 11,000 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. Problem 19-1A (Algo) Part 3 3. What is the predetermined overhead rate? Predetermined overhead rate % C1, P3 [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Direct materials Direct labor Overhead applied Additional Information Job 5 $ 16,000 Job 6 $ 33,500 Job 7 $ 27,500 9,000. 4,500 15,200 7,600 22,000 11,000. 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. Problem 19-1A (Algo) Part 4 4. What is the total cost transferred to Finished Goods Inventory in June? Total transferred cost