Elkland Heating & Cooling installs and services commercial heating and cooling systems. Elkland uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year. Elkland estimated that its overhead for the coming year would be $67,200. It also anticipated using 4.200 direct labor hours for the year. 1. What is Elkland's predetermined overhead rate based on direct labor hours? 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. 3. What is the total cost of Job 101? What is the total cost of Job 102? In January. Elkland started and completed the following two jobs: (Click the icon to view the jobs.) Elkland paid a $26-per-hour wage rate to the employees who worked on these two jobs. Read the requirements. Job 101 Job 102 Direct materials used. S 14.000 Direct labor hours used