Olson Corporation constructs new homes. Assume that Olson uses a job casting system. During May of the current year, the following transactions occurred Olon purchased 54.500 of lumber on account Olions $3.750 of lumber in production and incurred 50 hours of direct labor hours at $15 per hout, Depreciation of $1.500 on equipment used to build new houses was recorded Ahouse that was completed list period at a cost of $150.000 was sold for $180.000 in cash The transaction to record labor for Olson would include a un Decreto Pest 3750 hasta Fred Gods of 5750 to Work Process of 750 Der Wolf 5750 The predetermined overhead rate is usually calculated At the beginning of each month At the beginning of the year At the end of each year At the end of the month