Job cost sheets for Howard Manufacturing are as follows: Job No 210 Quantity 1500 Manufacturing Date Direct Materials Direct Labor Overhead 9,000 8,500 8,000 10,000 20,000 July 1 12,000 10 15 25 5,500 Job No 211 Quantity 1200 Manufacturing Direct Materials 5,000 9,000 Date Direct Labor Overhead 9,000 July 1 10 15 20 27 6,000 8,000 12,000 7,000 Instructions (a) Answer the following questions. 1. What was the balance in Work in Process Inventory on July 1 if these were the only unfinished jobs? 2. What was the predetermined overhead rate in June if overhead was applied on the basis of direct labor cost? 3. If July is the start of a new fiscal year and the overhead rate is 20% higher than in the preceding year, how much overhead should be applied to Job 210 in July? 4. Assuming Job 210 is complete, what is the total and unit cost of the job? 5. Assuming Job 211 is the only unfinished job at July 31, what is the balance in Work in Process Inventory on this date? Journalize the summary entries to record the assignment of costs to the jobs in July. (Note: Make one entry in total for each manufacturing cost element.) (b)