The computer workstation furniture manufacturing that Santana Rey started is progressing well. As of the end of June, Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs. Job 602 $ 1,400 Direct materials Direct labor Overhead applied Job 603 $ 3,600 1,480 740 Job 604 $ 2,600 2,300 1,150 1,000 500 Job 602 was started in May, and the following costs were assigned to it in May: direct materials, $500; direct labor, $250; and overhead, $125. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate as a percent of direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. The company's predetermined overhead rate did not change over these months. Required: 1. What is the cost of direct materials used in June for each of the three jobs and in total? 2. What is the cost of direct labor used in June for each of the three jobs and in total? 3. What predetermined overhead rate is used in June? 4. How much cost is transferred to finished goods inventory in June? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 How much cost is transferred to finished goods inventory in June? Job Direct Materials Direct Labor Overhead Applied Total Cost Cost transferred to finished goods 602 $ 500 $ 2,900 740 603 5,820 604 1,150 6,050 Total $ 2,390 $ 14,770 1,400 $ 3,600 2,600 7,600 $ 1,000 $ 1,480 2,300 4,780 $ Costs of Ending WIP

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The computer workstation furniture manufacturing that Santana Rey started is progressing well. As of the end of June, Business
Solutions's job cost sheets show the following total costs accumulated on three furniture jobs.
Job 602
$ 1,400
Job 603
$ 3,600
Direct materials
Direct labor
Overhead applied
Job 604
$ 2,600
2,300
1,150
1,000
1,480
740
500
Job 602 was started in May, and the following costs were assigned to it in May: direct materials, $500; direct labor, $250; and
overhead, $125. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate as a percent of direct
labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. The company's predetermined
overhead rate did not change over these months.
Required:
1. What is the cost of direct materials used in June for each of the three jobs and in total?
2. What is the cost of direct labor used in June for each of the three jobs and in total?
3. What predetermined overhead rate is used in June?
4. How much cost is transferred to finished goods inventory in June?
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Required 4
How much cost is transferred to finished goods inventory in June?
Job
Direct
Materials
Total Cost
Direct Overhead
Labor Applied
1,400 $ 1,000 $ 500
Cost transferred
to finished goods
602
$
$
2,900
603
3,600
1,480
740
5,820
604
2,600
2,300
1,150
6,050
Total
7,600 $
4,780 $
2,390 $ 14,770
< Required 3
Costs of
Ending WIP
Required 4 >
Transcribed Image Text:The computer workstation furniture manufacturing that Santana Rey started is progressing well. As of the end of June, Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs. Job 602 $ 1,400 Job 603 $ 3,600 Direct materials Direct labor Overhead applied Job 604 $ 2,600 2,300 1,150 1,000 1,480 740 500 Job 602 was started in May, and the following costs were assigned to it in May: direct materials, $500; direct labor, $250; and overhead, $125. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate as a percent of direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. The company's predetermined overhead rate did not change over these months. Required: 1. What is the cost of direct materials used in June for each of the three jobs and in total? 2. What is the cost of direct labor used in June for each of the three jobs and in total? 3. What predetermined overhead rate is used in June? 4. How much cost is transferred to finished goods inventory in June? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 How much cost is transferred to finished goods inventory in June? Job Direct Materials Total Cost Direct Overhead Labor Applied 1,400 $ 1,000 $ 500 Cost transferred to finished goods 602 $ $ 2,900 603 3,600 1,480 740 5,820 604 2,600 2,300 1,150 6,050 Total 7,600 $ 4,780 $ 2,390 $ 14,770 < Required 3 Costs of Ending WIP Required 4 >
The computer workstation furniture manufacturing that Santana Rey started is progressing well. As of the end of June, Business
Solutions's job cost sheets show the following total costs accumulated on three furniture jobs.
Job 602
$ 1,400
Direct materials
Direct labor
Overhead applied
Job 603
$ 3,600
1,480
740
Job 604
$ 2,600
2,300
1,150
1,000
500
Job 602 was started in May, and the following costs were assigned to it in May: direct materials, $500; direct labor, $250; and
overhead, $125. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate as a percent of direct
labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. The company's predetermined
overhead rate did not change over these months.
Required:
1. What is the cost of direct materials used in June for each of the three jobs and in total?
2. What is the cost of direct labor used in June for each of the three jobs and in total?
3. What predetermined overhead rate is used in June?
4. How much cost is transferred to finished goods inventory in June?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2 Required 3
Required
What is the cost of direct materials used in June for each of the three jobs and in total?
Job 602
Job 603
Job 604
Total
May costs
June costs
Total
Required 1
Required 2 >
Transcribed Image Text:The computer workstation furniture manufacturing that Santana Rey started is progressing well. As of the end of June, Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs. Job 602 $ 1,400 Direct materials Direct labor Overhead applied Job 603 $ 3,600 1,480 740 Job 604 $ 2,600 2,300 1,150 1,000 500 Job 602 was started in May, and the following costs were assigned to it in May: direct materials, $500; direct labor, $250; and overhead, $125. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate as a percent of direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. The company's predetermined overhead rate did not change over these months. Required: 1. What is the cost of direct materials used in June for each of the three jobs and in total? 2. What is the cost of direct labor used in June for each of the three jobs and in total? 3. What predetermined overhead rate is used in June? 4. How much cost is transferred to finished goods inventory in June? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required What is the cost of direct materials used in June for each of the three jobs and in total? Job 602 Job 603 Job 604 Total May costs June costs Total Required 1 Required 2 >
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