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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 Job 5 $ 18,000 11,000 5,500 Job 6 $ 34,500 17,200 8,600 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. Direct materials requisitioned 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. Required: 1. What is the total cost of direct materials requisitioned in June?

! 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 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. Direct materials requisitioned 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. Required: 1. What is the total cost of direct materials requisitioned in June?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter5: Product And Service Costing: Job-order System
Section: Chapter Questions
Problem 21E: Lorrimer Company has a job-order cost system. The following debits (credits) appeared in the...
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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. Job 7 $ 28,500 24,000 12,000 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 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. Direct materials requisitioned in June Required: 1. What is the total cost of direct materials requisitioned in June?
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. Job 7 $ 28,500 24,000 12,000 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 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. Direct materials requisitioned in June Required: 1. What is the total cost of direct materials requisitioned in June?
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