17. (8 Points) Garcia Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost is allocated based on direct labor hours. Current year budgeted direct labor hours were 40,560 and budgeted manufacturing overhead was $608,400. The Acme job was started in the previous year and completed in the current year. The Zorro job was started in the current year but was not complete at the end of the year. Additional information for the current year follows: $ 70,000 41,000 $ 420,000 $ 225,000 160,000 Beginning Inventories - January 1: Materials Work-in-process (all Acme) Direct Material Purchases Direct Materials Used: Acme Zorro Machine hours: Acme Zorro Direct labor hours: Acme Zorro Direct Labor costs 11,000 7,000 9.180 6.120 $20.00 per direct labor hour a. Calculate Garcia's predetermined overhead allocation rate. b. Calculate the total cost of the Acme job