Economy Brands Furniture makes sofas, loveseats, and recliners. The company allocates manufacturing overhead based on direct labor hours. Economy Brands estimated a total of $1.6 million of manufacturing overhead and 30,000 direct labor hours for the year. Job 175 consists of a batch of 9 recliners (Click the icon to view more information.) Read the requirements Requirement 1. Compute the company's predetermined manufacturing overhead rate. (Enter all amounts as whole dollars and not in millions. Round the predetermined overhead rate to the nearest whole dollar) First calculate the predetermined overhead rate based on direct labor hours. Identify the formula and then compute the rate. Predetermined overhead rate per DL hour Requirements 2 and 3. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on 175's job cost record. Compute the total cost of Job 175, as well as the cost of each recliner produced in Job 175. (Round the cost per unit to the nearest whole dollar.) Job Cost Record for 175 Direct Materials: Lumber units at per unit Padding yards at per yard Upholstery fabric yards at per yard Total Direct Materials Direct Labor Ray Connors hours at per hour Luann Lopez hours at per hour Total