Always show your work when doing fun&exciting exercises! Round to twe decimals places when/if needed. Question 1) Fun Accounting makes accounting software for individuals that have trouble with accounting issues. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,570, and job 94 with a beginning balance of $7,850. Direct labor wages average $14.75 per hour. Data on August costs for all jobs are as follows: Job 93 $1,590 2,124 Job 95 Job 96 5,444 $2,851 Job 94 Direct Materials Direct labor cost 7,350 4,307 5428 1,47 Fun Accounting applies overhead at the rate of $11.50 per direct labor hour. During August, Jobs 95 and 96 were started. Job 94 was completed on August 19, and the client was billed at cost plus 60%. All other jobs remained in process Required 1. Prepare job-order cost sheets for each job as of he end of August. 2. Caleulate the balance in Work in process on August 31 Question 2) Harris Company is a job-order costing firm that uses a plantwide overhead rate based on direct labor hours. Estimated information for the year is as follows: Overhead Direct labor hours $789,000 100,000 Harris worked on five jobs in July. Data are as follows: Job 741 $29,870 $25,500 $61,300 4,000 Job 742 $55,215 $39,800 $48,500 3,400 Job 743 Job 744 $27,880 $14,450 $13,600 $28,700 $24,500 Job 745 so $8,420 so Balance, July 1 Direct materials Direct labor cost Direct labor hours 1,600$21,300 1,400 1,900 leted and sold. The remaining jobs were in process By Jul Required ly 31, Jobs 741 and 743 were compl . Prepare job-order cost sheets for each job showing all costs through July 31. 2. Calculate the balance in Work in Process on July 31. 3. Calculate Cost of Goods Sold for July