Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer the following as this is all one questions, also please help me by showing work so i can understand it better 1 The

please answer the following as this is all one questions, also please help me by showing work so i can understand it better image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
1 The computer workstation furniture manufacturing that Santana Rey started in January is progressing well. As of the end of June. Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs Job 602 Job 603 Job 604 Direct materials $2,700 $3,200 32,600 Direct laber 300 1,400 1,000 Overhead 840 1,080 4 points Job 602 was started in production in May, and these costs were assigned to it in May: direct materials, $600; direct labor, $150 and overhead, $90. Jobs 603 and 604 were started in June, Overhead cost is applied with a predetermined rate based on direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July, No raw materials are used indirectly in June (Assume this company's predetermined overhead rate did not change over these months) Required: 1. What is the cost of the raw materials used in June for each of the three jobs and in total? 2. How much total direct labor cost is incurred in June? 3. What predetermined overhead rate is used in June? 4. How much cost is transferred to finished goods inventory in June? Complete this question by entering your answers in the tabs below. Required: Required 2 Required Required 4 What is the cost of the raw materials used in June for each of the three jobs and in total Job 602 Job 603 Job 004 Total May costs June posts Total Required 2 > Che 1 The computer workstation furniture manufacturing that Santana Rey started in January is progressing well. As of the end of June, Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs 3 Job Job 60 Direct materins 51,700 $3,200 $2,600 Direct labor 1,400 1,00 Overhead 340 1,000 po Job 602 was started in production in May, and these costs were assigned to it in May, direct materials, $600; direct labot. $150, and overhead, S90, Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate based on direct labor costs. Jobis 602 and 603 are finished in June, and Job 604 is expected to be finished in July. No raw materials are used indirectly in June. (Assume this company's predetermined overhead rate did not change over these months) Required: 1. What is the cost of the raw materials used in June for each of the three jobs and in total? 2. How much total direct labor cost is incurred in June? 3. What predetermined overhead rate is used in June? 4. How much cost is transferred to finished goods inventory in June? Complete this question by entering your answers in the tabs below. Required: Required Required Required How much total direct labor cost is incurred in June? Jobs 02 Job 3 Job GDE Total Mayco Jure cost To Brod CI 1 The computer workstation furniture manufacturing that Santana Rey started in January is progressing well As of the end of June, Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs Job, az Job 603 Job 684 Direct materials $1,700 $3,200 52,600 Direct labor 30 1.400 1,500 Overhead B40 4 1,080 Job 602 was started in production in May, and these costs were assigned to it in May: direct materials. $600: direct labor, $150; and overhead, $90. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate based on direct labor costs Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. No raw materials are used indirectly in June. (Assume this company's predetermined overhead rate did not change over these months) Required: 1. What is the cost of the raw materins used in June for each of the three jobs and in total? 2. How much total direct labor cost is incurred in June? 2. What predetermined overhead rate is used in June? 4. How much cost is transferred to finished goods inventory in June? po Complete this question by entering your answers in the tabs below. Required: Required 2 Required Required 4 What predetermined overhead rate is used in June? Pro 1 1 The computer workstation furniture manufacturing that Santana Rey started in January is progressing well. As of the end of June, Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs Job sez Job 683 Job 604 Direct materials $1,700 $3,200 $2,600 Direct labor 600 1,400 1,000 Overhead 480 840 1,080 4 Dain ce Job 602 was started in production in May, and these costs were assigned to it in May: direct materials, $600; direct labor, $150, and overhead, 590. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate based on direct labor costs. Jobs 602 and 603 are finished in June and Job 604 is expected to be finished in July. No raw materials are used indirectly in June. (Assume this company's predetermined overhead rate did not change over these months.) Required: 1. What is the cost of the raw materials used in June for each of the three jobs and in total? 2. How much total direct labor cost is incurred in June? 3. What predetermined overhead rate is used in June? 4. How much cost is transferred to finished goods inventory in June? Post Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Required 4 How much cost is transferred to finished goods inventory in June? Job Cost transferred to finished goods Costs of Ending WP 602 503 604 Total Rw Direct Overhead Materials Total Cost Labor Applied 5 1.700 600 5 4805 2980 3,200 1.400840 5440 2.600 1.500 1.050 5.450 $ 7.500 5 4,000 $ 2.400 13.900

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

More Books

Students also viewed these Accounting questions

Question

14. Identify cultural variations in communication style.

Answered: 1 week ago

Question

What is Constitution, Political System and Public Policy? In India

Answered: 1 week ago

Question

What is Environment and Ecology? Explain with examples

Answered: 1 week ago