Required information [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on th Job 5 $ 15,000 8,000 4,000 Job 6 $ 33,000 14, 200 7,100 Job 7 $ 27,000 21,000 10,500 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, $ $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 c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermi not change across these months.
Required information [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on th Job 5 $ 15,000 8,000 4,000 Job 6 $ 33,000 14, 200 7,100 Job 7 $ 27,000 21,000 10,500 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, $ $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 c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermi not change across these months.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
[The following information applies to the questions displayed below.]
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, $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 did
not change across these months.
Job 5
$ 15,000
8,000
4,000
Job 6
$ 33,000
14, 200
7,100
Direct materials requisitioned in June
Job 7
$ 27,000
21,000
10,500
Required
1. What is the total cost of direct materials requisitioned in June?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96ccea39-6e20-4e83-b9fb-b22d2ae10407%2F674c3908-5081-4cac-b4dd-bf99f57c4f49%2Flexns33f_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
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, $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 did
not change across these months.
Job 5
$ 15,000
8,000
4,000
Job 6
$ 33,000
14, 200
7,100
Direct materials requisitioned in June
Job 7
$ 27,000
21,000
10,500
Required
1. What is the total cost of direct materials requisitioned in June?
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