can you please explain me how to calculate the 102 ( direct labor and direct material , June ) with details ?
thanks
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 184 Direct materials $16,000 $72,000 $48,000 Direct labor 15,000 25,400 42,000 Overhead applied 5,400 9,144 15, 120 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $8,000; direct labor, $3,500; 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 Using the accumulated costs of the jobs, what predetermined overhead rate is used? Choose Numerator: Job 102 Overhead Rate 1 Choose Denominator: Overhead Rate Req 1 and 2 Req3 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 May June Total $ 8,000 $ 11,000 $ 19,000 Job 102 103 72,000 72,000 104 48,000 48,000 131,000 $ Total 139,000 8,000 $ Direct Labor Job May June Total 102 $ 3,500 $ 11,200 $ 14,700 103 25,400 25,400 104 42,000 78,600 $ 42,000 82,100 Total $ 3,500 $ Reuland Req3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 eq 4 Using the accumulated costs of the jobs, what predetermined overhead rate is used? Overhead Rate 1 Choose Denominator: Choose Numerator: Job 102 Overhead Rate = 1 Overhead rate 0 Job 103 1 Overhead rate / II 0 Job 104 11 Overhead rate 0 182. 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? Direct Job Direct Applied Materials Cost Transferred to Labor Total Cost Overhead Finished Goods 102 $ 16,000 $ 15,000 103 72,000 25.400 104 48,000 42,000 Total $ 136,000 $ 82.400