16. value: 1.00 points Following is partial information for Delamunte Industries for the month of August: Balance, August 1 Direct materials used Direct labor Manufacturing overhead applied Work In Process S 41,000 75,000 120.000 90,000 Jobs finished during August are summarized here: Job # 234 Cost of Jobs Completed $58,000 65,000 74,500 67,500 231 246 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,000. 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per Direct Labor dollar 2. Determine the balance in Work in Process at the end of August. Work in Process 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31. (Round your "Predetermined Overhead Rate" to 2 decimal places.) Direct Materials Cost Applied Overhead