14 (6 marks) Job Costing - Chapter 5 Sideways Automotive repairs and services commercial heating and cooling systems for large commercial trucks (Le_ transports, tri-axle). Sideways uses job costing to calculate the cost of the various jobs throughout the year. Overhead is allocated during the year to each job (Le_ truck being serviced) based on the number of direct labour hours spent on that job. At the beginning of the this year, Sideways prepared a budget for the year and estimated that its overhead spending for the year would be $198,000. It also anticipated using a total of 8,250 direct labour hours for the year. In November, Sideways has started and completed the following three trucks/jobs: Job 1002- Job 1003- Job 1004- Direct materials 14,000 19,250- 34,000 Direct labour hours 759 used Lakeland paid a $32-per-hour wage rate to the mechanics who worked on these three jobs.~ Requirements What Is Sideways predetermined overhead rate based on direct labour hours? Calculate the overhead to be allocated based on direct labour hours to each of the two Jobs.~ What is the total cost of Job 1002? What Is the total cost of Job 1003? If Sideways wanted to charge a markup of 20% on total costs, what should they charge the customer for Job 1004