Applying Overheod to Jobs, Costing Jobs Jagji Compony designs and buldds retaining walls for individual customers. On Augusk 1 , there were two jobs in process: Job g3 with a beginning balance of 58 , B40 and Job 94 with a beginning balance of $7,350. Jagjit applies overheod at the mte of $10 per drect iabor hour. Direct labor wages average $18 per hour. Dath on August costs for a foos are as follows: Duning August, Jobs 95 and 96 were started, Job 93 was completed on August 17 , and the clent was billed at cost plis 40%. All other jobs remained in process. Required: 1. Calcuate the number of direct labor hours that were worked on each job in August. 2. Colculate the overhead opplied to each job during the morith of August. 3. Prepare joo-order cost sheets for each job as of the end of Augurt. All amount cells must have an entry; enter zeros as needed. 4. Calculate the balance in Work in Process on August 31. The wark in process bolance on August 31 is 1 5. What is the price of Job 93 ? The price of Job 93 is 5 6. Conceptual Connection: Part way through the year, lagjt bought a bulldozer to hanale larger jobs. The bulliozer cost $38, 100 and is needed for larger coirmerciat jobs. Smaller residential jobs can sbil be done with the smaller bobcac tractor. Applying Overheod to Jobs, Costing Jobs Jagji Compony designs and buldds retaining walls for individual customers. On Augusk 1 , there were two jobs in process: Job g3 with a beginning balance of 58 , B40 and Job 94 with a beginning balance of $7,350. Jagjit applies overheod at the mte of $10 per drect iabor hour. Direct labor wages average $18 per hour. Dath on August costs for a foos are as follows: Duning August, Jobs 95 and 96 were started, Job 93 was completed on August 17 , and the clent was billed at cost plis 40%. All other jobs remained in process. Required: 1. Calcuate the number of direct labor hours that were worked on each job in August. 2. Colculate the overhead opplied to each job during the morith of August. 3. Prepare joo-order cost sheets for each job as of the end of Augurt. All amount cells must have an entry; enter zeros as needed. 4. Calculate the balance in Work in Process on August 31. The wark in process bolance on August 31 is 1 5. What is the price of Job 93 ? The price of Job 93 is 5 6. Conceptual Connection: Part way through the year, lagjt bought a bulldozer to hanale larger jobs. The bulliozer cost $38, 100 and is needed for larger coirmerciat jobs. Smaller residential jobs can sbil be done with the smaller bobcac tractor