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As of the end of June, thejob cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials $25,000 $65,000 $46,000 Direct labor 16,000 28,000 45,000 Overhead applied 7,040 12,320 19,800 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,300; and overhead, $1,452. 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 nished 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 ofthejobs, 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. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 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. Total Complete this question by entering your answers in the tabs below. Req 1 and 2 Using the accumulated costs of the jobs, what predetermined overhead rate is used? Overhead rate II 0 Overhead rate Overhead rate Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 How much total cost is transferred to finished goods during June? Job Direct Direct Applied Total Cost Cost Transferred to Materials Labor Overhead Finished Goods 102 $ 25,000 $ 16,000 103 65,000 28,000 104 46,000 45,000 Total $ 136,000 $ 89,000