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Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number Job 102 Materials $ 42,000
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number Job 102 Materials $ 42,000 Labor 10,000 Overhead 4,100 Job Number Job 103 Materials $ 75,000 Labor 28,600 Overhead 11,726 Job Number Job 104 Materials $ 48,000 Labor 40,000 Overhead 16,400 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 Reg 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 Reg 3 How much total cost is transferred to Finished Goods Inventory in June? Direct Direct Applied Job Cost Transferred to Materials Total Cost Labor Overhead Finished Goods 102 $ 10,000 28,600 104 40,000 Total $ 78,600 103
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