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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 Jab 102 $27,000 11,000 3,850 Job 103 $71,000 26, 100 9,135 Job 104 $59,000 43,000 15,050 Job 102 was started in production in May, and the following costs were assigned to it in May, direct materials, $14,000; direct labor $3,600; and overhead, $1,260. 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. Req 1 and 2 Reg 3 Reg 4 How much total cost is transferred to finished goods during June? Job Applied Overhead Total Cost Cost Transferred to Finished Goods 102 103 Direct Direct Materials Labor $ 27,000 $ 11,000 71,000 26,100 59,000 43,000 $ 157,000 $ 80,100 104 Total sing 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. Req 1 and 2 Reg 3 Req 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 Job May June Total 102 130,000 $ 103 27,000 $ 71,000 59,000 + 157,000 $ 157.000 71,000 59,000 287,000 104 130,000 $ Total Direct Labor June Total May 11,000 Job 102 $ 11,000 26,100 26,100 103 43,000 43,000 104 80,100 80,100 Total Req3 >

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