(20 Points) Elliott Company uses a predetermined overhead rate based o manufacturing overhead to jobs. The company manufactures specifications. The following data pertain to Job 1501: All materials used are direct materials. Beginning balance of raw materials S 500 $ 1,000 $ 4,700 300 Ending balance of raw materials Raw materials purchased Direct labor hours worked Direct labor rate per hour Machine hours used Predetermined overhead rate per machine hour S 200 15 (1) Calculate the cost of direct materials (2) Calculate the cost of direct labor. (3) Calculate overhead to be applied (4) Calculate the total cost of Job 1501 REQUIRED