Job 102 Job 104 Job 103 Direct materials $35 , 000 $62,000 $47,eee Direct labor 14,e0e 28,500 11,970 41,eee 17,220 Overhead applied 5,880 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $15,000; direct labor, $3,700; and overhead, $1,554. Jobs 103 and 104 were started in June. Overhead cost is applied witth a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June, and Job 104 is expected finished in July. No raw materials were used indirectly in June. Using this information, (Assume this company's predetermined overhead rate did not change across these months.) answer the following questions. 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? Next> 1 of 16 Prev 626 PM n d 63/2019 search