Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Job Number 102 Materials Labor Overhead $ 35,000 18,000 6,480 Job Number 103 Materials Labor Overhead $ 68,000 28,300 10,188 Job Number 104 Materials

image text in transcribedimage text in transcribed

Job Number 102 Materials Labor Overhead $ 35,000 18,000 6,480 Job Number 103 Materials Labor Overhead $ 68,000 28,300 10,188 Job Number 104 Materials Labor Overhead $ 61,000 43,000 15,480 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 Req 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 Job Number 102 Materials Labor Overhead $ 35,000 18,000 6,480 Job Number 103 Materials Labor Overhead $ 68,000 28,300 10,188 Job Number 104 Materials $ 61,000 Labor Overhead 43,000 15,480 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 Req 3 How much total cost is transferred to Finished Goods Inventory in June? Job Direct Materials Direct Labor Applied Overhead Total Cost Cost Transferred to Finished Goods 102 $ 18,000 103 28,300 104 43,000 Total $ 89,300

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

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

22nd Edition

324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844

More Books

Students also viewed these Accounting questions