ACG 3301 - RVF Fall 2021 - Online = Homework: Chapter 3 Homework Question 3, E3-23A (simil... Part 1 of 4 HW Score: 40%, 2 of 5 O Points: 0 of 1 Lakeview Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. (Click the icon to view additional information.) Read the requirements. .... Requirement 1. What is Lakeview's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Lakeview's predetermined overhead rate based on direct labor costs, then calculate the rate. Predetermined overhead rate = Homework: Chapter 3 Homework Question 3, E3-23A (simil... Part 1 of 4 HW Score: 40%, 2 of 5 points O Points: 0 of 1 Lakeview Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. (Click the icon to view additional information.) Read the requirements, More Info Requirement 1. What is Lakeview's predetermir Determine the formula to calculate Lakeview's pl The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year, Lakeview estimated that its overhead for the coming year would be $460,800. It also anticipated using 24,000 direct labor hours for the year. Lakeview pays its employees an average of $30 per direct labor hour. Lakeview just finished Job 371, which consisted of two engines for a farm equipment manufacturer. The costs and hours for this job consisted of $14.000 in direct materials used and 150 direct labor hours. Print Done = Homework: Chapter 3 Homework Question 3, E3-23A (simil... Part 1 of 4 HW Score: 40%, 2 of 5 points O Points: 0 of 1 Save Lakeview Industries uses job costing to calculate the costs of its jobs with direct labar cost as its manufacturing overhead allocation base. (Click the icon to view additional information.) Read the requirements. Requirements Requirement 1. What is Lakeview's predeter Determine the formula to calculate Lakeview 1. 2. What is Lakeview's predetermined manufacturing overhead rate based on direct labor cost? Calculate the manufacturing overhead to be allocated based on direct labor cost to Job 371 What is the total cost of Job 371? 3. Print Done