Following is partial information for Delamunte Industries for the month of August Balance, August 1 Direct materials used Direct labor Manufacturing overhead applied (based on direct labor cost) Work In Process 126,000 108,800 171,000 150,000 Jobs finished during August are summarized here: Cost of Jobs Completed $61,950 Job # 234 237 29,880 231 246 63,000 12,000 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,600. 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August 2. Determine the balance in Work in Process at the end of August. 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31.