eBook 2. Set up a simple job-order cost sheet for all jobs in process during June. Naranjo Company Job-Order Cost Sheets Job 39 Job 40 Job 41 Job 42 Balance, June 1 22,100 33,200 V 15,100 V Direct materials 16,200 22,800 V 8,300 14,300 Direct labor 7,300 19,900 2,950 V 5,200 Appiled overhead 3,650 V 9,950 V 1,475 v 2,600 Total 49,250 V 85,850 27,825 22,100 Feedb YO My Work See Cornerstone 5.1. 3. What if the expected direct labor rate at the beginning of the year was $28 instead of $357 What would the overhead rate be? If required, round your overhead rate answer to one decimal place. New budgeted direct labor cost- 448,000 % of direct labor cost New overhead rate-[ How would the cost of the jobs be affected? Applied overhead would increase