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Following is partial information for Delamunte Industries for the month of August: Work In Process $ 41,000 Balance, August 1 Direct materials used Direct labor 75,000 120,000 Manufacturing overhead applied (based on direct labor cost) 90,000 Jobs finished during August are summarized here: Job # Cost of Jobs Completed 234 $58,000 237 65,000 231 74,500 246 67,500 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,000. 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. 2. Determine the balance in Work in Process at the end of August. 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31