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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 $ 32,000
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials $ 32,000 Labor Overhead 15,000 5,250 Job Number 103 Materials Labor Overhead $ 55,000 29,900 10,465 Job Number 104 Materials: Labor Overhead $ 59,000 39,000 13,60 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? 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 Direct Labor Job June 102 103 104 Total 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 Cost Transferred to Total Cost Finished Goods 102 $ 15,000 103 29,900 104 39,000 Total $ 83,900
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