The ratios for customers fowler and haines

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Reference no: EM133543714

Question: Sheridan Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fibreglass, and lumber, depending on customer preference. On June 1, 2022, the general ledger for Sheridan Inc.

contains the following data: Raw Materials Inventory $4,800 Work in Process Inventory $5,920 Manufacturing Overhead Applied 33,040 Manufacturing Overhead Incurred 31,550 Subsidiary data for Work in Process Inventory on June 1 are as follows:S Job Cost Sheets Customer Cost Element Fowler Haines Krantz Direct materials $600 $800 $920 Direct labour 380 520 700 Manufacturing overhead 475 650 875 $1,455 $1,970 $2,495 During June, raw materials purchased on account were $3,720, and $5,400 of factory wages was paid. Additional overhead costs consisted of depreciation on equipment of $760 and miscellaneous costs of $600 incurred on account.

A summary of materials requisition slips and time tickets for June shows the following: Customer Job Materials Requisition Slips Time Tickets Fowler $1,200 $920 Farkas 2,340 880 Haines 620 400 Krantz 1,280 1,800 5,440 4,000 General use 1,660 1,400 $7,100 $5,400 Overhead was assigned to all jobs at the same rate of $1.25 per dollar of direct labour cost. The patios for customers Fowler, Haines, and Krantz were completed during June

Reference no: EM133543714

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