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	$ 37,000	$ 48,000	$ 57,000
Direct labor	20,000	28,700	43,000
Overhead	8,200	11,767	17,630

Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $8,000; direct labor, $2,900; and overhead, $1,189. Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 are finished in June, and Job 104 is expected to be finished in July. No raw materials are 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 given below table to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June for each of the three jobs?

Direct Labor:
Job	May	June	Total
102
103
104
Total
Direct Labor
Job	May	June	Total
102
103
104
Total

3.	What predetermined overhead rate is used during June for Job 102?

Overhead Rate
Choose Numerator	/ Choose Denominator	= Overhead Rate

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 37000 20000 103 48000 28700 104 57000 43000 Total14200091700