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Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102Materials$ 19,000Labor13,000Overhead4,290Job Number 103Materials$ 58,000Labor28,400Overhead9,372Job
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios.
Job Number 102Materials$ 19,000Labor13,000Overhead4,290Job Number 103Materials$ 58,000Labor28,400Overhead9,372Job Number 104Materials$ 46,000Labor39,000Overhead12,870All 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.
- What was the total cost of direct materials requisitioned in June?
- How much total direct labor cost was incurred in June?
- How much total cost is transferred to Finished Goods Inventory in June?
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