A job cost sheet for Rolen Company is shown below. Job No. 92 For 2,000 Units Direct Materials Direct Labour Manufacturing Overhead Date Beginning Balance January 1 $4,162 $6,030 $3,618 8 6,460 12 8,730 6,984 25 2,100 27 4,620 3,696 12,722 19,380 14,298 Cost of completed job: Direct materials $12,722 Direct labour 19,380 Manufacturing overhead 14,298 Total cost $46,400 Unit cost ($46,400 2,000) $23.20 On the basis of the foregoing data, answer the following questions: 1. What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? The balance in Work in Process Inventory $ 2. If manufacturing overhead is applied on the basis of direct labour cost, what overhead rate was used in each year? Last year This year Overhead rate % % Save for Later Attempts: 0 of 1 used Sut (b) The parts of this question must be completed in order. This part will be available when you complete the part above. On the basis of the foregoing data, answer the following questions: 1. What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? The balance in Work in Process Inventory 2.1 manufacturing overhead is applied on the basis of direct labour cost, what overhead rate was used in each year? Last year This year Overhead rate