Al the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cont Information Job 44 Job 45 Direct materials $5,000 $1,200 Direct labor 1,700 2,900 Applied overhead 935 1,595 Balance, June 1 $7,835 55,695 During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four jobs during the month of June Required: 1. Caulate the overhead rate based on direct labor cost Round to three decimal places. 2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of June 1 as well as direct materials and direct labor added in June Apply overhead to the four jobs for the mon June and show the ending balances 3. Calculate the ending balances or Work in Process and Finished Goods as of June 30. 4. Calculate the cost of Goods Solid for June. Refer to the Mst below for the exact wording of text items within your job-order cost sheets Amount Descriptions Applied overhead Begiming balance. June 1 Direct labor Direct materials Total, June 30 Overhead Rate 1. Calculate the ovemes are based on a recta cor cost Round ro mree oecuma places. The overhead rate based on dinc labore Rhone Company Jab Order Cost Sheets For the Month of June Job 44 Job 45 Beginning balanceune Concluding Questions 3 Calculate me enang Dances of Work in Process and finished Goods as of June 30 Work in Process isted Goods 4 Calculate ore Cost of goods Solo forne CS At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cont information: Job 4 Job 45 Direct materials $5,000 $1,200 Direct labor 1,700 2,900 Applied overhead 935 1,595 Balance, June 1 57.635 55,695 During June, two more jobs (46 and 47) were started. The following direct terials and direct labor costs were added to the four jobs during the mor During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four during the month of June Job 44 Job 45 Job 45 Job 4T Direct materials 52.250 57,140 51.650 51,650 Direct tiheden .com . O