E3-34B (book/static) 18 Question Help cooling systems. Peterson uses job costing to calculate the cost of its jobs. In October, Peterson started and completed the following two jobs: Overhead is allocated to each job based on the number of direct labor hours (Click the icon to view the jobs.) spent on that job. At the beginning of the current year, Peterson estimated that its overhead for the coming year would be $63,750. It also anticipated using Peterson paid a $24-per-hour wage rate to the employees who worked on 4,250 direct labor hours for the year. these two jobs. Requirement 1. What is Peterson's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Peterson's predetermined overhead rate based on direct labor hours, then calculate the rate. = Predetermined overhead rate Po E3-34B (book/static) s Question Help o Data Table completed the following two jobs: s.) cooling systems. Peterson uses job costing to Overhead is allocated to each job based on th spent on that job. At the beginning of the curre its overhead for the coming year would be $65 4,250 direct labor hours for the year. Requirement 1. What is Peterson's predetern be rate to the employees who worked on Job 101 Job 102 Determine the formula to calculate Peterson's Direct materials used $ 17,500 $ 13,000 late the rate. Direct labor hours used 195 76 Choose from any drop-down list and then Print ? Done Done parts Clear All Check