Tillson and Jasper's prosthetics were completed and sold by January 31. Required: 1. If overhead is applied on the basis of direct labor dollars, what is the overhead rate? Round your answer to four decimal places. 2. Prepare simple job-order cost sheets for each of the five jobs in process during January. Round all amounts to the nearest dollar. 3. What is the ending balance of Work in Process on January 31? What is the Cost of Goods Sold in January? 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