Sved As of the end of June, the job cost sheets at Racing Wheels, Inc, show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 531,00 12,000 4,200 Job 103 $ 47,00 28,700 10,045 Job 104 $45, we 41,000 14,350 Job 102 was started in production in May, and the following costs were assigned to it in May. direct materials. $14.000, direct labor, $3,600; 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. Reg 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 for each of the three jobs. Direct Materials June OD May Total 107 III Next > e here to search Reg 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 for each of the three jobs. | Job Direct Materials May June Total 102 0 103 0 104 0 Total Direct Labor Job May June Total 102 0 103 Oo 104 Total Reg 3 > 2 Next > 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? Overhead Rate ok Choose Numerator: 1 Choose Denominator: Overhead Rate at Job 102 ht Overhead rate nces 0 Job 103 = Overhead rate 7 0 Job 104 Overhead rate 0 1&2. Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred dur 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 Req3 Reg 4 How much total cost is transferred to finished goods during June? ces Job Direct Materials Direct Labor Applied Overhead Total Cost Cost Transferred to Finished Goods 102 $ 31.000 $ 12.000 103 47.000 28,700 104 45,000 41.000 Total $ 123,000 $ 81,700
