Direct materials and direct labor may and June 102-104 both

X F - CA @"Co A https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browse B ... U Z Getting Started Activities - IHX Nation. Chapter 2 Homework Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 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 3 Direct materials $43, 000 2 Job 103 Job 104 points Direct labor 14, 000 $47, 000 $48, 000 44, 000 Overhead applied 4, 340 25, 900 8, 029 13, 640 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $12,000; direct labor, $3,500; and overhead, $1,085. 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? X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Rea 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 $ 9,000 X $ 10,000 X 5 19,000 103 66,000 X 66,000 graw Prev 1 of 17 Next 12:02 PM P O 7/11/2020 Keep doing