At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Job 5 Job 6 $ 33,000 Direct materials Direct labor Overhead applied $ 15,000 8,000 Job 7 $ 27,000 21,000 14,200 4,000 7,100 10,500 Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $6,000; direct labor, $1,800; and applied overhead, $900. Job 5 was finished in June. b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate die not change across these months. equired What is the total cost of direct materials requisitioned in June?

At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Job 5 Job 6 $ 33,000 Direct materials Direct labor Overhead applied $ 15,000 8,000 Job 7 $ 27,000 21,000 14,200 4,000 7,100 10,500 Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $6,000; direct labor, $1,800; and applied overhead, $900. Job 5 was finished in June. b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate die not change across these months. equired What is the total cost of direct materials requisitioned in June?

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Description: At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs.Job 6$33,000At June 30Direct materialsDirect laborOverhead appliedAdditional Informationa. Job 5 was started in May, and the following costs we

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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None
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