(8.5) Johnston Co cleans and applies powder coat paint to metal items on a job-order basis. Johnston has budgeted the following amounts for various Overhead categories in the coming yr. Supplies 216,000 Gas 50,000 Indirect Labor 176,000 Supervision 73,500 Depreciation on equipment 47,000 depreciation on teh building 40,000 rent of special equipment 11,000 electricity (for lighting heating air con) 28,900 telephone 4,300 landscaping service 1,200 other overhead 50,000 In teh coming yr johnston expects to power coat 120,000 units. Each unit takes 1.3 DL hours. Johnston has found that supplies and gas (used to run the drying ovens-all units pass thru the drying ovens after powder coat paint is applied) tend to vary with the number of units produced. All other overhead categories are considered to be fixed. 1.calculate the number of DL hours Johnston must budget for the coming year. CAlculate the variable OH rate. Calculate the total FO for the coming year. 2.prepare an OH budget for johnston for the coming year. Show the total variable overhead, total fixed OH and total OH. Calculate the fixed OH rate and the total OH rate. 3What IF Johnston had expected to make 118,000 units next yr? Assume the VOH per unit does not change and total fixed amounts do not change. calculate the new budgeted DL hours and prepare a new OH budget. Calculate the fixed OH rate and the total OH rate.