Question: Please answer ..... Serlal Problem Business Solutlons L.O. P1, P2, P3 The computer workstation furniture manufacturing that Santana Rey started in January is progressing well.

Please answer ..... Serlal Problem Business Solutlons L.O. P1, P2, P3 ThePlease answer .....

Serlal Problem Business Solutlons L.O. P1, P2, P3 The computer workstation furniture manufacturing that Santana Rey started in January is progressing well. As of the end of June, Business Solutions job cost sheets show the following total costs accumulated on three furniture jobs. Job 6.02 Job 6.03 Job 6.04 2,900 Direct materials $1,600 $3.300 $ Direct labor Overhead 1.420 1,800 400 710 900 Job 6.02 was started in production in May, and these costs were assigned to it in May: direct materials, $500; direct labor, $150; and overhead, $75. Jobs 6.03 and 6.04 were started in June. Overhead cost is applied with a predetermined rate based on direct labor costs. Jobs 6.02 and 6.03 are finished in June, and Job 6.04 is expected to be finished in July. No raw materials are used indirectly in June. (Assume this company's predetermined overhead rate did not change over these months). Requlrec: 1. What is the cost of the raw materials used in June for each of the three jobs and in total? (Omlt the "$" slgn In your response.) Job 6.02 Job 6.03 Job 6.04 Total How much total direct labor cost is incurred in June? (Omlt the "$" slgn In your response.) Total direct labor $ . 3, what predetermined overhead rate is used in June? (Omlt the "%" sign in your response.) Predetermined overhead rate 4. How much cost is transferred to finished goods inventory in June? (Omlt the "$" slgn In your response.) Total transferred cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!