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: Direct labor Overhead applied $37,000 $53,000 17,000 28,100 6,630 10,959 $61,000 45,000) 17,550 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $9,000; direct labor, $2,800; and overhead, $1,092. 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.) 182. 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? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 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. Job Direct Materials May June Total Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 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. Job 102 103 104 Total Direct Materials May June Total $ 0 53,000 53,000 0 53,000 $ 53,000 $ Direct Labor Job May June Total $ 0 102 0 103 0 104 Total Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Using the accumulated costs of the jobs, what predetermined overhead rate is used? Overhead Rate Choose Numerator: Choose Denominator: Overhead Rate Job 102 Estimated overhead costs Estimated direct labor = Overhead rate 17,000 = Job 103 Estimated overhead costs 1 Estimated direct labor = Overhead rate 0 Job 104 Estimated overhead costs Estimated direct labor $ Overhead rate 45,000 Req 1 and 2 Req 3 Req 4 How much total cost is transferred to finished goods during June? Job 102 103 88 104 Total Direct Materials Direct Labor $ 37,000 $ 17,000 53,000 61,000 28,100 45,000 $ 151,000 $ 90,100 Applied Overhead Cost Transferred to Total Cost Finished Goods Reg 3