Question: 2-3 Help Save Exercise 2-3 Analysis of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc,
2-3 Help Save Exercise 2-3 Analysis of cost flows LO C2 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 labar Overhead applied $20,90 573,80553,06 12,880 29,2042,00 3,see 9,636 13,sco Job 102 was started in production in May and the following costs were assigned to it in May direct materials, S14000, direct abor $3.200, and overhead, $1056. Jobs 103 and 104 were started in June. Overhead cost is applied with a predetermined rate based on ndirectly in June. Using this information, answer the following questions (Assume this company's predetermined overhead rate did 182 Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June for 2 and 103 were were used 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 02
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