1372.-Fundamental Accounting-Principles-24 Microsoft Auto Updates are rea Chapter 19 Job Order Costing As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumu- lated on three custom jobs. Exercise 19 Analyzing cos c2 Job 102 Job 103 Job 104 Direct materials. Direct labor Overhead applied. $15,000 8,000 4,000 $33,000 14,200 7,100 $27,000 21,000 10,500 Job 102 was started in production in May, and the following costs were assigned to it in May: direct mate- rials, $6,000; direct labor, $1,800; and overhead, $900. Jobs 103 and 104 were started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June, and Job 104 is expected to be finished in July. No raw materials were used indirectly in June. Using this information, answer the following questions. (Assume this company's predetermined overhead rate did not change across these months.) 1. What was the cost of the raw materials requisitioned in June for each of the three jobs ? 2. How much direct labor cost was incurred during June for each of the three jobs? 3. What predetermined overhead rate is used during June? 4. How much total cost is transferred to finished goods during June? Check (4)$81,37 Starr Company reports the following information for August. Exercise 19-4 Recording produd Raw materials purchased on account.... $76,200 Factory wages earned (direct labor)... $15,350 P1 P2 P3 Direct materials used in production. $48,000 Overhead rate. 120% of direct labor cost