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Exercise 19-3 Analysis of cost flows LOC2, P1, P2, P3 As of the end of June, the job cost sheets at Racing Wheels, Inc show
Exercise 19-3 Analysis of cost flows LOC2, P1, P2, P3 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 10M Direct materials 42.000 S 68 000 46.000 Direct labor 6,000 27,300 40,000 overhead applied 5,120 8,736 12.800 Job 102 was started in production in May and the following costs were assigned to it in May: difect materials, $10,000, direct abor, $3 600 and overhead, $1,152 Jobs 103 and 104 are started in June. overhead cost is applied with a predetemined rate based on drect labor cost Jobs 102 and 103 are finished in June, and Job 104 is expected to be finished in July No raw materials are used indirectly in June Using this information, answer the following questions. IAssume this company's predetermined overhead rate did not change across these months 182, complete the given below table to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June for each of the three jobs? Direct Materials June ob 10,000
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