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	$	17,000		$	62,000		$	61,000
Direct labor		13,000			26,400			43,000
Overhead applied		4,810			9,768			15,910

Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $10,000; direct labor, $3,200; and overhead, $1,184. 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?

Req 1 and 2 Req3 Reg 4 Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June each of the three jobs. Direct Materials Job May June Total 102 103 104 Total Direct Labor Job May June Total 102 103 104 Total Overhead Rate Choose Numerator: Choose Denominator: II Overhead Rate Job 102 = Overhead rate II Job 103 Overhead rate II II Job 104 1 Overhead rate II Req 1 and 2 Req 3 Reg 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 $ 17,000 $ 13,000 103 62,000 26,400 104 61,000 43,000 Total $ 82,400