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Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios.
Job Number 102
Materials$ 45,000
Labor15,000
Overhead6,600
Job Number 103
Materials$ 52,000
Labor29,900
Overhead13,156
Job Number 104
Materials$ 61,000
Labor 45,000
Overhead 19,800
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.
Problem 1. What was the total cost of direct materials requisitioned in June?
Problem 2. How much total direct labor cost was incurred in June?
Problem 3. How much total cost is transferred to Finished Goods Inventory in June?
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