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 $21,000 19,000 6,840 Job 103 Job 104 $65,000 $48,000 26,100 42,000 9,396 15, 120 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $10,000; direct labor, $3,400; and overhead, $1,224. 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 Req 1 and 2 Req3 Reg 4 Complete the table below to calculate the cost of the raw materials requisiti each of the three jobs. Req 1 and 2 Reg 3 Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost each of the three jobs. Direct Materials May June 11 Total 104 Total June Total Job 102 103 AN Total Req3 > Req 1 and 2 Reg 3 Req 4 Using the accumulated costs of the jobs, what predetermined overhead rate is used? Overhead Rate Overhead rate Overhead Rate Choose Numerator: Choose Denominator: Job 102 = AINULT = Job 103 NTAL ANAAAAAAA i = I = Job 104 i = Overhead rate Overhead rate Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 How much total cost is transferred to finished goods during June? Job Direct Materials 21,000 Applied Overhead Total Cost Transferred to Finished Goods 102 103 65,000 Direct Labor $ 19,000 26,100 42,000 $ 87,100 104 48,000 Total