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hi there please help and could you please show the work Following are simplified job cost sheets for three custom jobs at the end of
hi there please help and could you please show the work
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios.
Job Number 102 | |
Materials | $ 22,000 |
---|---|
Labor | 19,000 |
Overhead | 7,030 |
Job Number 103 | |
Materials | $ 47,000 |
---|---|
Labor | 27,400 |
Overhead | 10,138 |
Job Number 104 | |
Materials | $ 59,000 |
---|---|
Labor | 41,000 |
Overhead | 15,170 |
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?
Req 1 and 2 Req3 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 June Job 102 103 104 Total How much total cost is transferred to Finished Goods Inventory in June? Job Direct Materials Applied Overhead Total Cost Cost Transferred to Finished Goods 102 Direct Labor $ 19,000 27,400 103 104 41,000 87,400 Total $Step by Step Solution
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