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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 $31,000 Labor
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials $31,000 Labor Overhead 20,000 8,800 Job Number 103 Materials Labor Overhead $48,000 29,800 13,112 Job Number 104 Materials Labor Overhead $58,000 40,000 17,600 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 direct labor cost was incurred in Juner B. 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 102 103 104 Total June Direct Labor Job 102 103 104 Total June Req 3 > Job Number 104 Materials $ 58,000 Labor Overhead 40,000 17,600 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 How much total cost is transferred to Finished Goods Inventory in June? Job Direct Materials Direct Labor Applied Overhead Total Cost Cost Transferred to Finished Goods 102 $ 20,000 103 29,800 104 40,000 Total $ 89.800
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