Elite Custom Cabinetry Company produces custom cabinet order to exact measure based off CAD drawings provided by kitchen remodeling firms. As of June 1, there was one order in production (job 5-3) and two new jobs were started in June (jobs 6-1 and 6-2).
Job 5-3 had incurred costs as follows prior to the month of June: direct material $4,600; direct labor $6,550, overhead $3,400.

There were no finished goods as orders ship out upon completion. Raw material inventory was $18,600 as of June 1.

The following events occurred during June:

1. Purchased additional raw materials of $20,000.

2. Incurred direct labor hours of 640 hours at a rate of $24.00 during the month of June.

3. Incurred total manufacturing overhead costs of $18,400 during the month of June.

4. Assigned Direct materials and direct labor hours to jobs as follows:

Materials Actual Hours
Job 5-3 $2,300 112
Job 6-1 8,700 320
Job 6-2 5,420 208
Totals $16,420 $640

5. The company uses direct labor hours to assign overhead to individual jobs, and the predetermined overhead rate is $28.00 per hour, based on the budget of 600 labor hours per month.

6. Jobs 5-3 and 6-1 are completed and shipped in the month of June. Job 6-2 is in progress at month end.

A.Calculate the completed cost of jobs 5-3 and 6-1.
B.Calculate the cost of work in process (job 6-2).
C.Calculate over- or underapplied overhead for hours worked and rate per hour.
D.Calculate the actual overhead rate per hour.

Job 5-3

Work in Process Amount
Additional materials Amount
Additional direct labor Amount
Additional overhead applied Amount
Total cost of completed job Amount

Job 6-1
Direct materials Amount
Direct labor Amount
Overhead applied Amount
Total cost of completed job Amount

Job 6-2
Direct materials Amount
Direct labor Amount
Overhead applied Amount
Total cost of completed job Amount