question #5

Required Information [The following Information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Job 5 Job 6 Job 7 $ 16,000 Direct materials Direct labor $ 33,500 15,200 $ 27,500 22,000 11,000 9,000 4,500 overhead applied 7,600 Additional Information 8. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $6,500, direct labor, $2,300, and applied overhead, $1,400. Job 5 was finished in June. b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months. 3. What the predetermined overhead rate? Predetermined overhead rate Saved Required Information [The following Information applies to the questions displayed below.] At the end of June, the Job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Job S Job 6 Job 7 Direct materials Direct labor $ 16,000 9,000 4,500 $ 33,500 15,200 7,600 $ 27,500 22,000 Overhead applied 11,000 Additional Information a. Job 5 was started in May, and the following costs were assigned to It In May: direct materials, $6,500; direct labor, $2,300; and applied overhead, $1,400. Job 5 was finished in June. b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months. 4. What is the total cost transferred to Finished Goods Inventory In June? Total transferred cost