Question
Problem 15-3A (Part Level Submission) Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber,
Problem 15-3A (Part Level Submission)
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2017, the general ledger for Case Inc. contains the following data.
Raw Materials Inventory | $4,200 | Manufacturing Overhead Applied | $32,640 | |||
Work in Process Inventory | $5,540 | Manufacturing Overhead Incurred | $31,650 |
Subsidiary data for Work in Process Inventory on June 1 are as follows. During June, raw materials purchased on account were $4,900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $900 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,900. Each customer paid in full. ^^^ please help me solve this
he Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers StevensLino $600 320 400 $1,320 $800 540 675 $2,015 $900 580 725 $2,205Step by Step Solution
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