Following is partial information for Delamunte Industries for the month of August:

Work In Process

Balance, August $1$ $ $142,000$

Direct materials used $119,800$

Direct labor $166,000$

Manufacturing overhead applied $($based on direct labor cost$)142,000$

Jobs finished during August are summarized here:

Job # Cost of Jobs Completed

$234$ $ $62,950$

$23740,800$

$23157,000$

$24613,000$

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 $$24,400.$

Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August.

Determine the balance in Work in Process at the end of August.

Determine how much of the direct materials cost and applied overhead would be recorded for Job $248$ as of August $31.$