The computer workstation furniture manufacturing that Adria Lopez started in January is progressing well. As of the end of June, Success Systems' job cost sheets show the following total costs accumulated on three furniture jobs.

Job 6.02 Job 6.03 Job 6.04

direct materials... $1,500 $3,300 $2,700

direct labor....... 800 1,420 2,100

overhead.......... 400 710 1,050

Job 6.02 was started in production in May, and these costs were assigned to it in May: direct materials, $600; direct labor, $180; and overhead, $90. Jobs 6.03 and 6.04 were started in June. Overhead cost is applied with a predertermined rate based on direct labor costs. Jobs 6.02 and 6.03 are finished in June, nad Job 6.04 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?

Problem 4 Job Costs

Table 8

Accumulated Job Costs end of June 2012

	Job 6.02			Job 6.03		Job 6.04		All Jobs Total
	May	June	Total	June	Total	June	Total	May	June	Total
Direct Materials
Direct Labor
Overhead
Total Job Cost

4.1: The cost of raw materials used in June for the three jobs combined is:_______

4.2

The total direct labor cost incurred in June was ___________

4.3

The predetermined overhead rate used in June was ____. This was calculated by:_____________

4.4: The cost transferred to finished goods inventory in June is _________