As of the end of the accounting period, the following job costs had been recorded for Jeremy Company: Job # Direct materials Direct labor Direct labor hours 101 $ 2,000 $3,000 150 102 $ 1,700 $ 2,900 190 Overhead is applied on the basis of direct labor hours. Estimated overhead costs are $200,000. Estimated direct labor activity is 10,000 hours. What is the overhead rate at which overhead will be applied? Select one: $ 5.00 per direct labor hour $0.50 per direct labor hour $ 10.00 per direct labor hour $50.00 per direct labor hour $ 25.00 per direct labor hour $ 20.00 per direct labor hour How much overhead will be applied to Job 101? Select one: $ 5,500 $3,000 $ 3,500 $1,500 $5,000