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Instructions Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process Job 93 with a beginning balance of $8,760, and Job 94 with a beginning balance of 57.350. Jagjit applies Overhead at the rate of $10 per direct labor hour. Drect labor wages average 516 per hour. Data on August costs for all jobs are as follows: Job 93 Job 94 Job 95 Job 96 $4.500 53.250 51.280 Direct materials $1,000 Direct labor cost 1.600 4,480 2.500 000 During August, jobs 05 and 6 were started. Job 3 was completed on August 17, and the client was bied at costs 40% All other jobs remained in process 3. Prepare job-order cost sheets for each job as of the end of August. Refer to Amount Descriptions for the exact wording of text items within your job order cost sheets. All amount cells must have an entry, enter zeros as needed Question not attempted. Score: 0/104 Jagjit Company Job-Order Cost Sheets August 31 Job 93 Job 94 Job 95 Job 96 Beginning balance 4. Calculate the balance in Work in Process on August 31 The work in process balance on August 31 is $ Points 5. What is the price of Job 937 The price of Job 93 is I Points: Partway through the year, Jagit bought a buldozer to handle larger jobs. The bulldozer cost $35.000 and is needed for larger commercialjobs. Smaler residential jobs can still be done with the smaller bobcat tractor 6 CONCEPTUAL CONNECTION Complete the statement below that outlines how the buldozer's cost could be applied to only those jobs that need the larger equipment total budgeted cost Divide mis Create a separate department for the acquisition and use of the buldozer Treat the bulldozer's depreciation fuel, maintenance, etc. as by the anticipated annual hours of use to arrive at the overhead rate Instructions Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of 58,760, and Job 94 with a beginning balance of 57.350 Jagjit apples overhead at the rate of $10 per direct labor hour. Direct labor wages average $10 per hour Data on August costs for all jobs are as follows: Job 93 Job 94 Job 95 Job 96 Direct materials $1,000 $4,500 $3,250 $1,200 Drect labor cost 1,600 4.400 2.500 000 Jagjit Company Score: 104/104 Job-Order Cost Sheets August 31 ob 95 Job 96 $8.760.00 1.000.00 $0.00 $0.00 Beginning balance Applied overhead 4 Direct labor 5 Direct materials 6Total 500.00 1.600.00 57550.00 2.800.00 4.480.00 4.500.00 $19.130.00 2.600.00 2.560.00 W 3.250.00 800.00 000 1.280.00 $12.360.00 $7.420,00 $2,580.00 4. Calculate the balance in Work in Process on August 31. The work in process balance on August 31 is $96,590.00 X 5. What is the price of Job 93? The price of Job 93 is $4,944.00 X