Required information The following information applies to the questions displayed below) At the end of...
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Required information The following information applies to the questions displayed below) At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs At Sune 30 Jobs Jobs Job Direct materials $ 15,000 $ 33,000 $ 27,000 Direct labor 8,000 14,200 21,600 Overhead applied 4,000 7.100 10,500 Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May direct materials. $6,000, direct labor $1,800, and applied overhead $900. Job 5 was finished in June b. Job 6 and Job 7 were started in June, Job G was finished in June and Job 7 is to be completed in July c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months 3. What is the predetermined overhead rate? 9 munted dale
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