Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $1,200. During July, prime costs added to the job totaled $800. Of that amount, direct materials were four times as much as direct labor. The ending balance of the job was $2,120. Required: 1. What was overhead applied to the job during July? 120 V 2. What was direct materials for Job 46 for July? Direct labor? Direct labor Direct materials 112044 X 480 X 3. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? (Note: Round your answer to the nearest whole percent.) 100 X % Feedback Check My Work 1. Find overhead applied by adding beginning balance to prime costs and subtracting from ending balance. 2. Set up equation for prime cost using direct materials and direct labor. Let direct materials equal 4 times direct labor. 3. Divide overhead by the direct labor for the rate.