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Exercise 15-3 (Algo) Interpreting job cost sheets LO C1 Following are simplified job cost sheets for three custom jobs at the end of June for
Exercise 15-3 (Algo) Interpreting job cost sheets LO C1 Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials Labor Overhead $ 33,000 15,000 4,650 Job Number 103 Materials $ 51,000 Labor Overhead 28,300 8,773 Job Number 104 Materials Labor Overhead $ 57,000 41,000 12,710 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? 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 102 103 Direct Labor Job June
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