At the end of june, the job cost sheets of racing wheels, inc., shows the following total costs accumulated on three custom jobs: job 102 job 103 job 104direct materials $15,000 $33,000 $27,000direct labor 8,000 14,200 21,000overhead 4,000 7,100 10,500job 102 began production in may, and the following costs were assigned to it in may: direct materials $6,000; direct labor $1,800; and overhead $900. jobs 103 and 104 began in june. one applies overhead cost 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: what is the cost of the raw materials requisitioned in june for each of the three jobs? how much direct labor cost is incurred during june for each of the three jobs? what predetermined overhead rate is used during june? how much total cost is transferred to finished goods during june?

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.