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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 $ 33,000 Labor
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios.
Job Number 102 | |
Materials | $ 33,000 |
---|---|
Labor | 20,000 |
Overhead | 8,600 |
Job Number 103 | |
Materials | $ 66,000 |
---|---|
Labor | 27,700 |
Overhead | 11,911 |
Job Number 104 | |
Materials | $ 52,000 |
---|---|
Labor | 41,000 |
Overhead | 17,630 |
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 Req3 102 How much total cost is transferred to Finished Goods Inventory in June? Direct Job Direct Applied Materials Cost Transferred to Labor Overhead Total Cost Finished Goods $ 20,000 103 27,700 104 41,000 Total 88,700 $Step by Step Solution
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