Jagit Company designs and bullds retaining walls for individual customers. On August 1 , there were fwo jobs in process: Job 93 with a beginning balance of $8,840, and Job g4 with a beginning balance of $7.390. Jagit apples overhead at the rate of $8 per direct labor hout, Direct labor wages average $18 per hour, Data on August costs for ail jobs are as folows: During August, Jobs 95 and 96 were started. Job 93 was completed on August 17 , and the client was billed at cost plus 40 s. All other jobs nomained in process. Required: 1. Calcuiate the number of alirect labor heurs that were worked an each job in August. 2. Cabculate the overtheed applied to oach job duming the month of August. 3. Propare job-order cost sheets for each job as of the end of August. 4. Calculate the balance in Work in Process on August 31. 5. What is the price of Job 93 ? 1. Calculate the number of direct labor hours that were worked on each job in August. \begin{tabular}{l|l} \hline Job 93 & DLH \\ \hline Job 94 & DLH \\ \hline Job 95 & DLH \\ \hline Job 96 & DLH \end{tabular} 2. Calculate the overhead applied to each job during the month of August. Job 93 Job 94 Job 95 Job 96 Jagiit Company Job-Order Cost Sheets August 31 2. Beginning balance 3. Direct labor 4. Direct materials - Applied overhead Total \begin{tabular}{|r|r|r|r|} \hline \multicolumn{1}{|l|}{ Job 93} & \multicolumn{1}{l|}{ Job 94 } & \multicolumn{1}{l|}{ Job 95} & \multicolumn{1}{l|}{ Job 96} \\ \hline$8,840.00 & $7,390.00 & & \\ \hline 140.00 & 290.00 & 160.00 & 60.00 \\ \hline 920.00 & 4,500.00 & 3,290.00 & 1,250.00 \\ \hline 1,120.00 & 2,320.00 & 1,280.00 & 480.00 \\ \hline$11,020.00 & $14,500.00 & & \\ \hline \end{tabular} 4. Calculate the balance in Work in Process on August 31. The work in process balance on August 31 is 5. What is the price of Job 93? The price of Job 93 is Partway through the year, Jagilt bought a buldozer to handle larger jobs. The bulldozer cost $38,200 and is needed for larger commerclal jobs. Smaller residential jobs can sill be done with the smaller bobcat tractor. 6. CONCEPTUAL CONNECTION: Camplete the statemant below that outlines how the buldozer's cost could be appled to oniy those jobs that need the lagger equipment Create a separate tor the acquisition and use of the bulidozer. Treat the bulldozor's depreciation, tuel, maintenance. ate, as this by the anticipated annual hours of use to arrive at the