ces Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials. Labor Overhead Materials Job Number 103 Labor Overhead Materials Labor Overhead $ 15,000 8,000 4,000 Job Number 104 $ 33,000 14,200 7,100 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. Req 1 and 2 102 103 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? $ 27,000 21,000 10,500 Complete this question by entering your answers in the tabs below. Job How much total cost is transferred to Finished Goods Inventory in June? Direct Materials Req 3 Direct Labor Applied Overhead $ 15,000 $ 8,000 $ 33,000 14,200 Total Cost 4,000 $ 27,000 7,100 54,300 Cost Transferred to Finished Goods

ces Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials. Labor Overhead Materials Job Number 103 Labor Overhead Materials Labor Overhead $ 15,000 8,000 4,000 Job Number 104 $ 33,000 14,200 7,100 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. Req 1 and 2 102 103 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? $ 27,000 21,000 10,500 Complete this question by entering your answers in the tabs below. Job How much total cost is transferred to Finished Goods Inventory in June? Direct Materials Req 3 Direct Labor Applied Overhead $ 15,000 $ 8,000 $ 33,000 14,200 Total Cost 4,000 $ 27,000 7,100 54,300 Cost Transferred to Finished Goods

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Description: esFollowing are simplified job cost sheets for three custom jobs at the end of June for Custom Patios.Job Number 102MaterialsLaborOverheadMaterialsLaborOverheadJob Number 103MaterialsLaborOverheadJob Number 104$ 15,0008,0004,000$ 33,00014,2007,100Al

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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