As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $35,000 15,000 5,700 Job 103 $64,000 29,600 11,248 Job 104 $59,000 43,000 16,340 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $10,000; direct labor, $3,500; and overhead, $1,330. 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&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? Complete this question by entering your answers in the tabs below. Req and 2 Req 3 Req 4 Check my 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 SA 69 Job 102 103 104 Total Direct Materials May 10,000 June $ EA 10,000 + Direct Labor May June 69 Total 10,000 0 0 Total 10,000 0 0 0 Req 1 and 2 Req 3 Req 4 Using the accumulated costs of the jobs, what predetermined overhead rate is used? Choose Numerator: Job 102 Job 103 Job 104 1 Overhead Rate Choose Denominator: Overhead Rate Overhead rate 0 = Overhead rate = || 0 = Overhead rate = 0 Req 1 and 2 Req 3 Req 4. How much total cost is transferred to finished goods during June? Job Direct Materials Direct Labor Applied Overhead Total Cost Cost Transferred to Finished Goods 102 $ 35,000 $ 15,000 103 64,000 29,600 104 59,000 43,000 Total $ EA 158,000 $ 87,600 < Req 3 Req 4 >