Pavlovich Prosthetics Company produces artificial limbs for individuals. Each prosthetic is unique. On January 1, three jobs, identified by the name of the person being fitted with the prosthetic, were in process with the following costs: Carter Pelham Tillson Direct materials $210 $615 $1,290 Direct labor 440 700 1,260 Applied overhead 374 595 1,071 Total $1,024 $1,910 $3,621 During the month of January, two more jobs were started, Jasper and Dashell. Materials and labor costs incurred by each job in January are as follows: Materials Direct Labor Carter $300 $600 550 Pelham 200 Tillson 770 240 Jasper 2,310 190 2,100 240 Dashell Tillson and Jasper's prosthetics were completed and sold by January 31. 1. If overhead is applied on the basis of direct labor dollars, what is the overhead rate ? Round your answer to four decimal places. The overhead rate is times direct labor cost. 2. Prepare simple job-order cost sheets for each of the five jobs in process during January. Refer to Amount Descriptions for the exact wording of text items within your job-order cost sheets. (Note: Round all amounts to the nearest dollar. Enter zeros, as needed. Do not leave cells blank.) Pavlovich Prosthetics Company Job-Order Cost Sheets For the Month of January Carter Pelham Tillson Jasper Dashell 2 Beginning balance 3(a) What is the ending balance of Work in Process on January 31? The work in process balance on January 31 is $ 3(b) What is the Cost of Goods Sold in January? The Cost of Goods Sold in January is $ 4. Suppose that Pavlovich Prosthetics Company prices its jobs at cost plus 30%. In addition, during January, marketing and administrative expenses of $2,635 were incurred. Prepare an income statement for the month of January. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement. Enter losses as a negative number using a minus sign. Pavlovich Prosthetics Company Income Statement For the Month Ended January 31