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Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials $ 20,000 Labor
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials $ 20,000 Labor Overhead 17,000 6,120 Job Number 103 Materials Labor Overhead $ 46,000 27,100 9,756 Job Number 104 Materials Labor Overhead $ 49,000 42,000 15,120 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 How much total cost is transferred to Finished Goods Inventory in June? Job Direct Materials Direct Labor Applied Overhead Cost Transferred to Total Cost Finished Goods 102 104 $ 17,000 Total 103 27,100 Direct Labor 104 42,000 Job June Total $ 86,100 102 103 104 Total
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