A job order cost sheet for Ryan Company is as follows. Job No. 92 Beg. bal. Jan. 1 8 12 25 Date 27 Direct labor Direct Materials Cost of completed job: Direct materials Total cost 5,000 6,000 2,000 13,000 Manufacturing overhead Unit cost ($44,800 2,000) Direct Labor 6,000 8,000 4,000 18,000 $13,000 18,000 13,800 $44,800 $22.40 For 2,000 Units Manufacturing Overhead 4,200 6,400 3,200 13,800

A job order cost sheet for Ryan Company is as follows. On the basis of this data, answer the following questions. (a) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1 (b) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in cach year? (Round answers to O decimal places, e.g. 55\%.)