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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

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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 $27,000 17,000 Sob 103 $63.000 25,400 10.16 Job 104 $49,000 41.000 16,00 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials. $12,000, direct labor, $3,400, and overhead, $1,360. 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. each of the three jobs? Direct Materials Job May June Total 102 12,000 12,000 63,000 49.000 124 000 63,000 49,000 112.000 104 Total 12,000 Direct Labor May 3.400 $ Job 102 S June 17000 25.400 41000 3 400 Total 20,400 25,400 103 104 Total 3.4005 41.000 86 800 5 How much total cost is transferred to finished goods during June? Job Direct Materials Direct Labor Total Cost Cost Transferred to Finished Goods $ 67,560 115,320 102 103 $ 27.000 63.000 49,000 $ 139,000 Applied Overhead $ 6,800 10,160 16,400 $ 33,360 $ 17,000 25.400 41000 S 83,400 $ 50,800 98,560 106.400 $255,760 104 Total $ 182,880

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