..1 T-Mobile 2:48 PM @ 58% Chapter 19 team discussi... Detail Submission Grade A

Question

..1 T-Mobile 2:48 PM @ 58% Chapter 19 team discussi... Detail Submission Grade As of the end of June, the job cost sheets at Kodiak, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 $15,000 $33.000 $27.000 8,000 14,200 2000 7.100 10.500 Direct materials.?… Direct labor . 4,000 .. Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $6,000; direct labor, $1,800; and overhead, $900. Jobs 103 and 104 are started in June. Dashboard Calendar To Do Notifications Inbox

Explanation / Answer

1)

3)

Predetermined overhead Rate : Overhead applied /Direct labor cost of any jobl

             = 4000 / 8000

              = .50 or 50% of direct labor cost

4)

COst transfered to finished goods : Cost of Job 102 +103

         =[15000+8000+4000]+[33000+14200+7100[]

            27000+ 54300

             = 81300

JUNE cost 102 103 104 Cost of Raw material requistioned [Part 1] 15000-6000may= 9000 33000 27000 Direct Labor cost incurred [Part 2] 8000-1800= 6200 14200 21000

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