Problem 3 Snorlax Company had two jobs in process at the beginning of July, Job Tall and Job Grande with the following accumulated cost information Direct Materials Direct Labor Applied overhead Job Tall Job Grande 6,630 1,950 1,560 3,900 1,014 2,535 9,204 8,385 Balance, July 1 During August, 1 more job was started (Job Venti). The following direct materials and direct labor costs were added to the three jobs during the month Direct Materials Direct Labor Job Tall Job Grande Job Venti 7,110 2,500 1,750 10,665 3,750 2,625 At the end of August, Jobs Tall and Grande were completed. Only Job Grande was sold. And on August 1, the balance in Finished Goods was zero. Requirement 1 Calculate the overhead rate on direct labor cost 2 Prepare job-order cost sheet for the 3 jobs separately.