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Q22r-F7 Company uses a job-order costing system and applies overhead costs to jobs using a pre-determined overhead rate of 8e% of direct materials cost. Q22r-F7
Q22r-F7 Company uses a job-order costing system and applies overhead costs to jobs using a pre-determined overhead rate of 8e% of direct materials cost. Q22r-F7 Company began work on four jobs during June. Information related to the four jobs appears below: Job C-8d Job L-1f COSTS ADDED DURING JUNE direct materials direct labor ...... . $3,700 $2,400 $3,400 $2,800 Job P-37 Job U-7e COSTS ADDED DURING JUNE direct materials direct labor ... $2,900 $3,400 $4,200 $3,600 ... By the end of June, Jobs L-1f and U-7e had been completed while Jobs C-8d and P-32 were not completed. In addition, all of the units from Job U-7e have been sold and one-half of the units from Job L-1f were sold. The actual overhead cost for June amounted to $14,448. Q22r-F7 Company had no inventories of any type at June 1. Calculate Q22r-F7 Company's cost of goods sold for June after the overhead variance has been closed
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