At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs.Job 7$ 28,90024,80012,400At June 30Direct materialsDirect laborOverhead appliedAdditional Informationa. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,900; direct labor,$3,700; and applied overhead, $2,800. Job 5 was finished in June.b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July.c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate didnot change across these months.Job 5$ 18,80011,8005,900Job 6$ 34,90018,0009,000Total transferred cost4. What is the total cost transferred to Finished Goods Inventory 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 7$ 28,90024,80012,400At June 30Direct materialsDirect laborOverhead appliedAdditional Informationa. Job 5 was started in May, and the follo

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At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Direct materials Direct labor Overhead applied Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,900; direct labor, $3,700; and applied overhead, $2,800. Job 5 was finished in June. Job 5 $ 18,800 11,800 5,900 Job 6 $ 34,900 18,000 9,000 Job 7 $ 28,900 24,800 12,400 Total transferred cost 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 did not change across these months. 4. What is the total cost transferred to Finished Goods Inventory 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 Direct materials Direct labor Overhead applied Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,900; direct labor, $3,700; and applied overhead, $2,800. Job 5 was finished in June. Job 5 $ 18,800 11,800 5,900 Job 6 $ 34,900 18,000 9,000 Job 7 $ 28,900 24,800 12,400 Total transferred cost 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 did not change across these months. 4. What is the total cost transferred to Finished Goods Inventory in June?

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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