- Ch 15 Prob 1 Part 1 Of 4 10 Points Ebook Print References Required Information The Following Information Applies To The 1 (44.38 KiB) Viewed 40 times
Ch 15 Prob 2 Part 2 of 4 10 points eBook Print References ! 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 Job 5 $ 18,000 11,000 5,500 Job 6 $ 34,500 17, 200 8,600 Direct labor used in June Saved Job 7 $ 28,500 24,000 12,000 a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,500; direct labor, $3,300; and applied overhead, $2,400. Job 5 was finished in June. 2. What is the total cost of direct labor used 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.
Ch 15 Probi 3 Part 3 of 4 10 points eBook Print References ! 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, $7,500; direct labor, $3,300; and applied overhead, $2,400. 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. Job 5 $ 18,000 11,000 5,500 3. What is the predetermined overhead rate? Predetermined overhead rate Job 6 $ 34,500 17, 200 8,600 Saved Job 7 $ 28,500 24,000 12,000 c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months. %
Ch 15 Prob 4 Part 4 of 4 10 points eBook Print References ! 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 Job 5 $ 18,000 11,000 5,500 Job 6 $ 34,500 17, 200 8,600 Job 7 $ 28,500 24,000 12,000 Total transferred cost Saved a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,500; direct labor, $3,300; and applied overhead, $2,400. 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. 4. What is the total cost transferred to Finished Goods Inventory in June?