1.

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 104

Direct materials

31,000

51,000

48,000

Direct labor

20,000

25,500

44,000

Overhead

8,000

10,200

17,600

Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, 9,000; direct labor, 3,600; and overhead, 1,440. Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct 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. (Assume this company's...