Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi could someone help ke with this problem, will rate. thank you Following are simplified job cost sheets for three custom jobs at the end

hi could someone help ke with this problem, will rate. thank you
image text in transcribed
image text in transcribed
image text in transcribed
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials $ 39,000 Labor 15,000 Overhead 5,550 Job Number 103 Materiala $ 75,000 Labor 28,300 Overhead 10,471 Job Number 104 Materials $ 53,000 Labor 42,000 Overhead 15,540 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 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 Yuno 102 103 104 Total Regs and Req3 > Saved Help Save 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 Req3 How much total cost is transferred to Finished Goods Inventory in June? Job Direct Direct Applied Cost Transferred to Materials Total Cost Labor Overhead Finished Goods 102 $ 15,000 103 28,300 104 42,000 Total $ 85,300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Changing Face Of American BankingDeregulation, Reregulation, And The Global Financial System

Authors: Ranajoy Ray Chaudhuri

3rd Edition

1137365811, 9781137365811

More Books

Students also viewed these Accounting questions

Question

Explain how humanistic therapists use the technique of reflection.

Answered: 1 week ago

Question

2. Do you agree that unions stifle creativity? Why or why not?

Answered: 1 week ago