Aquazone Pools use a job costing system. Overhead is applied to each job on the basis of direct labour hours. The direct labour rate is $25 per hour and the pre-determined overhead rate is $15 per direct labour hour. Aquazone worked on three (3) jobs in August, Job A, B and C. Job A and B were already underway (work in process) at the beginning of August. . Job A was completed and paid for by the customer in August Job B was completed in August but not paid for by the customer. Job C was started in August, but not completed. The following job costing sheet outlines the following costs for August: JobA Job B Job C $o $15 000 50 Cost of Jobs in Process 1/8/2020 $12 000 $ 1 000 Direct Materials Used ($) $15 000 $20 000 Direct Labour (hours) 100 80 Required: 1. Determine the full cost of each Job. Show all workings [6 marks] 2. Assuming no other jobs were started, completed or sold during August, determine the balance of each of the following accounts at the end of August (4 marks) Work in Process Finished Goods Cost of Goods Sold 3. If the actual overhead rate calculated at the end of the period was $10 per direct labour hour, what would you do? [4 marks]