Quatro Products started and finished job no.C19 during June.The job required $15,000 of direct material and 75 hours of direct labor at $12 per hour.The predetermined overhead rate is $16 per direct labor hour.
During June,direct materials requisitions for all jobs totaled $149,000;the total direct labor hours and cost were 6,200 hours at $12 per hour;and the total cost of jobs completed was $337,500.All of these figures include data that pertain to job no.C19.
Required:
A.Prepare journal entries that summarize June's total activity.
B.Determine the cost of job no.C19.

Question

Quizplus · Accepted Answer

The Answer of Quatro Products started and finished job no.C19 during June.The job required $15,000 of direct material and 75 hours of direct labor at $12 per hour.The predetermined overhead rate is $16 per direct labor hour.
During June,direct materials requisitions for all jobs totaled $149,000;the total direct labor hours and cost were 6,200 hours at $12 per hour;and the total cost of jobs completed was $337,500.All of these figures include data that pertain to job no.C19.
Required:
A.Prepare journal entries that summarize June's total activity.
B.Determine the cost of job no.C19.

Quatro Products Started and Finished Job No