Check my work 1 Exercise 15-3 Analyzing of cost flows LO C2 ports As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on the custom Jobs 1023010320300 Direct ateriale $20.000 562.000 149.000 Director 17,000 25.100 39.000 Ovechand applied 6.12 1.036 16,040 Sopot Boos Het Job 102 was started in production in May, and the following costs were assigned to it in May.direct material, $4.000 direct labor $3,300; and overhead, 51188 Jobs 103 and 104 were started in June, Overhead cost is applied with a predetermined rate hased 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 edirecty in June. Using this information answer the following questions (Assume this company's predetermined overhead rate did not change across these months) 162. Complete the table below to calculate the cost of the tow materiais requisitioned and direct labor cost incurred during one for each of the three jobs? 2. Uning the accumulated costs of the obs, what predetermined overhead 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 Restand Res R Computer the table below to osculate the counter the raw materials requisitioned and direct labor coat incurred during one for each of Din Me June Job 102 Total M 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 Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June each of the three jobs. Direct Matorials May June Total Job cos 102 103 0 104 0 Total Direct Labor Job May Juno Total 102 0 103 0 104 0 Total Req3 > Prov 1 of 10 !! Next > Saved CH15 - CONNECT ASSIGNMENT 1 1 indirectly in June using this information, answer the following questions. (Assume this companys precetermined overnes not change across these months.) 182. Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred durin 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? 10 points Sipped Complete this question by entering your answers in the tabs below, elook Reg 1 and 2 Red 3 Reg 4 Using the accumulated costs of the jobs, what predetermined overhead rate is used? Hint Overhead Rato Choose Denominator Overhead Rate References Choose Numeratori Job 102 1 Overhead rate 1 0 Job 103 / Overhead rato 1 0 Job 104 1 Overhead roto 1 Roq 1 and 2 Reg 4 > indirectly in June. Using not change across these months.) 1&2. Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost inc 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? 10 points Skipped Complete this question by entering your answers in the tabs below. eBook Req 1 and 2 Reg 3 Reg 4 How much total cost is transferred to finished goods during June? Hint Job Direct Direct Materials Labor $ 20.000 $ 17.000 Applied Overhead Total Cost Cost Transferred to Finished Goods References 102 103 62.000 25,100 104 49.000 39,000 Total $ 131,000 $ 81,100
