Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 123,000 Direct materials used 116,800 Direct labor 172,000 Manufacturing overhead applied (based on direct labor cost) 136,000 Jobs finished during August are summarized here: Job # 234 237 231 246 Cost of Jobs Completed $73,950 25,800 61,000 15,000 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 $23,300. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per Direct Labor dollar < Required 1 Required 2 >