Solutions's job cost sheets show the following total costs accumulated on three furniture Jobs Job 602 Job 603 Job 604 Direct materials $ 1,500 53,200 $2,900 Direct labor 800 1,480 2,800 Overhead applied 480 888 1,200 Job 602 was started in May, and the following costs were assigned to it in May, direct materials. $800; direct labor, $150, and overhead, $90. Jobs 603 and 604 were started in June Overhead cost is applied with a predetermined rate as a percent of direct labor costs Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. The company's predetermined overhead rate did not change over these months Required: 1. What is the cost of direct materials used in June for each of the three jobs and in total? 2. What is the cost of direct labor used in June for each of the three jobs and in total? 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 1 Required 2 Required 3 Required 4 What is the cost of direct labor used in June for each of the three jobs and in total? Job 602 Job 603 Job 604 Total $ 150 s os 0 $ 1.480 2.000 3.480 May costs June costs Total 150 Solutions's job cost sheets show the following total costs accumulated on three furniture jobs. Direct materials Direct labor Overhead applied Job 602 $ 1,500 880 480 Job 603 $ 3,200 1,480 888 Job 604 $ 2,900 2,000 1,200 Job 602 was started in May, and the following costs were assigned to it in May, direct materials, $800, direct labor, $150; and overhead $90 Jobs 603 and 604 were started in June, Overhead cost is applied with a predetermined rate as a percent of direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July The company's predetermined overhead rate did not change over these months Required: 1. What is the cost of direct materials used in June for each of the three jobs and in total? 2. What is the cost of direct labor used in June for each of the three jobs and in total? 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 1 Required 2 Required 3 Required 4 What is the cost of direct materials used in June for each of the three jobs and in total? Job 602 Job 603 Job 604 Total May costs 8005 of $ ols 800 June costs 800 3,200 2.900 6.900 Total $ 1,600 s 3,200 $ 2900 7,700 Required Required 2 > SP 19 Serial Problem Business Solutions (Algo) LO P1, P2, P3 The computer workstation furniture manufacturing that Santana Rey started 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 684 Direct materials $ 1,500 $ 3,200 $2,900 Direct labor 800 1,480 2,000 Overhead applied 480 888 1,200 Job 602 was started in May, and the following costs were assigned to it in May direct materials, $800, direct labor. $150, and overhead $90 Jobs 603 and 604 were started in June, Overhead cost is applied with a predetermined rate as a percent of direct labor costs. Jobs 602 and 603 are finished in June and Job 604 is expected to be finished in July. The company's predetermined overhead rate did not change over these months Required: 1. What is the cost of direct materials used in June for each of the three jobs and in total? 2. What is the cost of direct labor used in June for each of the three jobs and in total? 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 1 Required 2 Required Required 4 What predetermined overhead rate is used in June? Predetermined overtad rate SP 19 Serial Problem Business Solutions (Algo) LO P1, P2, P3 The computer workstation furniture manufacturing that Santana Rey started 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 $ 1,500 $ 3,200 $ 2,900 Direct labor 800 1,480 2,000 Overhead applied 480 888 1,200 Job 602 was started in May, and the following costs were assigned to it in May direct materials, $800 direct labor, $150; and overhead, $90. Jobs 603 and 604 were started in June Overhead cost is applied with a predetermined rate as a percent of direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July The company's predetermined overhead rate did not change over these months Required: 1. What is the cost of direct materials used in June for each of the three jobs and in total? 2. What is the cost of direct labor used in June for each of the three jobs and in total? 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 1 Required 2 Required 3 Required 4 How much cost is transferred to finished goods inventory in June? Job Direct Direct Overhead Materials Cost transferred to Labor Total Cost Applied finished goods 602 603 Costs of Ending WIP 604 Total