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 $23,000 $46,000 $54,000 Direct labor 19,000 28,600 42,000 Overhead applied 7,980 12,012 17,640 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor $2,900; and overhead, $1,218. 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. Reg 1 and 2 Reg 3 Reg 4 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 Total Job 102 19.000 $ 19.000 103 0 104 0 Total $ 19.000 $ 19.000 Reg 1 and 2 Req3 Reg 4 Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurre each of the three jobs. Direct Materials int Job May June Total 102 $ 19,000 $ 19,000 Print 103 0 0 104 $ Total $ 19,000 References 19,000 Direct Labor Job May June Total 102 $ 0 0 103 0 104 Total Reg 3 > oints Req 1 and 2 Reg 3 Req 4 eBook Using the accumulated costs of the jobs, what predetermined overhead rate is used? Hint Overhead Rate Choose Denominator: Overhead Rate Choose Numerator: Job 102 FAverage raw materials Inventory 1 Print Overhead rato 0 1 References Job 103 'Average raw materials Inventory 1 Overhead rate 1 0 Job 104 Average raw materials inventory Overhead rate 0 1