24 E2-13 (Algo) Calculating the Cost of Finished and Unfinished Jobs [LO 2-3, 2-4] Following is partial information for Delamunte Industries for the month of August: 3.2 points Work In Process Balance, August 1 $ 124,000 Direct materials used 115, 800 eBook Direct labor 158, 000 Manufacturing overhead applied (based on Print direct labor cost) 153,000 References Jobs finished during August are summarized here: Cost of Jobs Job # Completed 234 $ 72,950 237 40, 800 231 61,000 246 25,000 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 $23,900. 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. 2. Determine the balance in Work in Process at the end of August. 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31. Complete this question by entering your answers in the tabs below. Mc Graw Hill