As of end of june the job cost sheets at trace wheels inc., Ask an Expert

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As of end of June, the job cost sheets at Trace Wheels, Inc., show the following total costs accumulated on three custom jobs

Direct materials 25,000, 59,000, 56,000
Direct labor 14,000, 26,7000, 40,000
Overhead 7,000, 13,350, 20,000

1) what is the cost of the raw materials requisitioned in June for each of three jobs?

2) what predetermined overhead rate is used during June?

3) How much total cost is transferred to finished goods during June.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M979953

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