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

	Job 102			Job 103			Job 104
Direct materials	$	15,000		$	33,000		$	27,000
Direct labor		8,000			14,200			21,000
Overhead applied		4,000			7,100			10,500

Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $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 companys predetermined overhead rate did not change across these months.) 1&2. Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June for each of the three jobs. 3. Using the accumulated costs of the jobs, what predetermined overhead rate is used? 4. How much total cost is transferred to finished goods during June?

Reg1 and 2 Reg 3 Req Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June for each of the three jobs. Direct Materials May 8.000 Job 102 103 Total 7.800 3 13.800 O 104 Total 8000 3 7.800 3 13.000 Direct Labor May June Total Job 102 100 3 1800 3 1300 o Total 3 1.800 1800 Reg1 and 2 Req3 > UTY ROLLUTLULUS UT I JUU, Wes preveu Overhead Rate Choose Denominator: 1 Overhead Rate Choose Numerator: Job 102 Overhead rate 0 Job 103 Overhead rate 0 Job 104 Overhead rate 0 - How much total cost is transterred to finished goods during uner Cost Job Applied Overhead Total Cost Transferred to Finished Goods 102 103 104 Direct Materials $ 15,000 33.000 27,000 $ 75.000 Direct Labor $ 8,000 14.200 21,000 $ 43.200 Total