Following are simplified job cost sheets for three custom jobs at the end of June for Custom

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Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios.

All jobs were started in June. Overhead is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June, and Job 104 will be finished in July.

1. What was the total cost of direct materials requisitioned in June?

2. How much total direct labor cost was incurred in June?

3. How much total cost is transferred to Finished Goods Inventory in June?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 27, 2021 02:51 AM

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Following are simplified job cost sheets for three custom jobs at the end of June for Custom

Question:

Job No. 102 Job No. 103 Job No. 104 Materials... $15,000 Materials... $33,000 Materials... $27,000 Labor..... 8,000 Labor.... 14,200 Labor.... 21,000 Overhead 4,000 Overhead 7,100 Overhead 10,500

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1 2 3 75000 Total cost of direct materials r...View the full answer

Fundamental Accounting Principles

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