Biotechnologies Unlimited, Inc. (BUI), located in Sydney, Nova Scotia, is a small but growing biotech quality analysis organization that tests pesticides before they are used by farmers. The testing procedures are specific to the individual pesticides used because reagents used for testing react differently based on their composition and the quantity used. How they are introduced into the pesticides for testing is also important. During the month of December 2014, it completed one job (reference number: KS 2014-337); records pertaining to this job are as follows: Date 2/12/14 4/12/14 11/12/14 13/12/14 20/12/14 22/12/14 Document M-3316 L-4423 L-4437 M-3399 M-3407 L-4509 Amount $ 820 440 710 1,350 740 1,140 The documents with the references M and L pertain to direct materials and direct labour, respectively. BUI currently allocates overhead using direct labour cost as the allocation base. For the year 2014, it estimated $595,200 as the overhead amount and $480,000 for direct labour costs. Required: 1. Compute the overhead allocation rate for 2014. Predetermined overhead rate 2. Compute the total costs of the job. (Round "Overhead" answer to 2 decimal places.) Direct materials Direct labour Overhead 3. Prepare a job cost sheet for job KS 2014-337. Dec 01, 2014 May 23, 2014 JOB COST SHEET Number KS2014-337 Date initiated Department Commerical Date completed Description Pesticide testing Units completed Direct Materials Direct Labour Req. No. Amount Time-Sheet Hours Amount DL Cost Overhead Rate Amount Cost Summary Job Completion Status Progress to date Date Total Cost Unit Cost