Job Order Hanson uses a job order cost system with machine hours as the cost driver for overhead. Below is the needed information to determine the following: 1 The overhead rate 2 The cost of each jolb 3 The balance in WIP, Finished Goods and cost of goods sold. Estimated overhead for 2017 Estimated machine hours for Jobs on 1-1-2017 $900,000 36,000 2017 Job 245 is in Work in Process Job 229 is in Finished Goods Costs incurred in 2016 Costs incurred in 2016 $11,900 $23,800 Costs and other information for this year 256 0 8,000 12,000 0 6,0009,000 300 245 258 8,2003,500 7,7004,200 120 Jobs 229 257 Materials Labor Machine Hours 0 140 240 Status soldfinished finished finished not sold sold finished