TChack My Work. Budgeted direct labor cost = average wage rate for direct labor x budgeted direct labor hours. Overhead rate = budgeted overhead costs budgeted direct labor cost. 2. Set up a simple job-order cost sheet for all jobs in process during June. Perrin Company Inh-Orrtar Cost Shapts renchisk TChack My Work. Total job cost on job cost sheet = direct materials (DM)+ direct Labor (DL)+ Applied Overfead (OH). See Example 5.1. New budgeted direct labor cost = : New overhead rate = Xo of direct labor cost. How would the cost of the jobs be affected? reachesk TChack My Work. Repeat Requirement 1 with the new amount(s). Explain how this would affect the cost of the jobs