12 25 points NWI Consultants, located in Yellowknife, Northwest Territories, is a small but growing business that analyzes a variety of construction materials before they are used by contractors. The testing procedures are specific to the individual materials used because reagents used for testing react differently based on their composition and the quantity used. How they are introduced into the materials for testing is also important. During the month of December 2021, NWT completed 36 different jobs. Records pertaining to one such job (reference number: MT Q421-442) are as follows: Skipped Date 2/12/21 Document M-3316 Amount $ 750 4/12/21 L-4423 440 11/12/21 L-4437 250 13/12/21 M-3399 1,000 20/12/21 22/12/21 M-3487 320 L-4509 750 25 points The documents with the references M and L pertain to direct materials and direct labour, respectively. NWT currently allocates overhead using direct labour cost as the allocation base. For the year 2021, it estimated $548,730 as the overhead amount and $469,000 for direct labour costs. Required: 1. Compute the overhead allocation rate for 2021. Predetermined overhead rate 2. Compute the total costs of the job. Skipped Direct materials Direct labour Overhead Total costs 3. Prepare a job cost sheet for job MT Q421-442. Number Department Description Req. No. Total Cost Unit Cost Direct Materials Cost Summary $ Amount JOB COST SHEET MT Q421-442 Date initiated Dec 01, 2021 Commercial Date completed Dec 23, 2021 Pesticide testing Units completed 1 Direct Labour Overhead Amount Time-Sheet Hours Amount DL Cost Rate Amount Date Job Completion Status Progress to date Dec 24, 2021 Completed and shipped to customer