Question: Quartz Products started and finished job no. C19 during June. The job required $15,000 of direct material and 75 hours of direct labour at $12
Quartz Products started and finished job no. C19 during June. The job required $15,000 of direct material and 75 hours of direct labour at $12 per hour. The predetermined overhead rate is $16 per direct labour hour.
During June, direct materials requisitions for all jobs totaled $149,000; the total direct labour hours and cost were 6,200 hours at $12 per hour; and the total cost of jobs completed was $337,500. All of these figures include data that pertain to job no. C19.
REQUIRED:
A. journal entries that summarize June's total activity.
B. Determine the cost of job no. C19.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
