31 Cat Companyr uses a job order cost system and applies manufacturing overhead costs to jobs using a predetermined overhead rate based on direct labourhours. The following data were extracted from the company's accounting records for Year 10: Estimated Actual Manufacturing $50.000 $54,000 overhead costs Direct labour 20,000 hours 24,000 hours hours Job #500 was completed during the year and the following costs had been incurred on that job: Direct materials: $4,000 Direct labour: $1.500 (at $5.00 per direct labour hour) Required: 1. What is the predetermined overhead rate for Cat Company? 2. How much overhead would he applied to JobeOO? 3. Suppose Job #500 contained 100 units. What would he the total cost for job #500