As of the end of June, the job cost sheets at Racing Wheels, Inc. show the following total costs accumulated on three customJobs. Job 102 Job 103 Job 104 Direct $23.000 $56,000 material. 543,000 $73,000 $56.00 Direct 10,000 29,600 45,000 labor Overhead 3,200 9,472 14,400 applied Job 102 was started in production in May and the following costs were assigned to it in May direct materials, $12,000 direct labor, $3,200, and overhead, $1024, Jobs 103 and 104 were started in June, Overhead costs applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June, and Job 104 s 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. Rea 1 Req3 Reg 4 and 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? Direct Materials May June Job Total 102 103 104 Total Direct Labor May June Total Job 102 103 104 Total Reg 1 and 2 Reg 3 > As of the end of June, the job cost sheets at Racing Wheels, Inc. show the following total costs accumulated on three customjobs. Job 102 Job 103 Job 104 Direct materia$43,000 $73,000 $56.00 Direct 10,000 29,600 45,000 labor Overhead 3,200 9,472 14,400 applied Job 102 was started in production in May and the following costs were assigned to it in May. direct materials, $12,000: direct labor $3,200, and overhead, $1024, Jobs 103 and 104 were started in June Overhead cost s applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June and Job 104 s 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. Reg 1 Req 3 Reg 4 Using the accumulated costs of the jobs, what predetermined overhead rate is used? Overhead Rate Choose Numerator Overhead Choose Numerator: Choose Denominator: Job 102 Overhead rate Rate Job 103 Overhead Job 104 Overhead As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom obs. Job 102 Job 103 Job 104 Direet material 543,000 $73,000 $56.00 Direct 10,000 29,600 45,000 labor Overhead 2009.472 14,400 applied Job 102 was started in production in May and the following costs were assigned to in Mey direct materials. $12.000 direct labor, $3,200, and overhead, $1024, Jobs 103 and 104 were started in June, Overhead costs applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June and Job 104 s 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. Reg 1 and 2 Req 3 Reg 4 How much total cost is transferred to finished goods during June? Job Direct Direct Applied Materials Labor Overhead Total Cost Cost Transferred to Finished Goods 102 $ 43,000 10.000 103 104 73,000 56.000 29,600 45.000 Total 172.000l 84,600
