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Elkton Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. (Click the icon

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Elkton Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. (Click the icon to view additional information) Read the requirements Requirement 1. What is Elkton's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Elkton's predetermined overhead rate based on Grect labor costs, then calculate the rate Predetermined overhead rate % of DL cost Requirement 2. Calculate the manufacturing overhead to be allocated based on direct labor cost to Job 371 Determine the formula to calculate the overhead to be located based on direct labor to Job 371, then calculate the manufacturing overhead allocated (Round your answer to the nearest whole dolar) Manufacturing overhead alocated Requirement 3. What is the total cost of Job 3712 Job 371 Read the requirements Requirement 2. Calculate the manufacturing overhead to be allocated based on direct labor cost to Job 371. Determine the formula to calculate the overhead to be allocated based on direct labor to Job 371, then calculate the manufacturing over Manufacturing overhead allocated % = X Requirement 3. What is the total cost of Job 371? Job 371 Total Job cost Choose from any list or enter any number in the input fields and then continue to the next question - X Ang overhead to be allocate More Info Ir answer to the nearest erhead to be allocated base X The company manufactures a variety of engines for use in farm equipment At the beginning of the current year, Elkton estimated that its overhead for the coming year would be $300,000. It also anticipated using 25,000 direct labor hours for the year Elkton pays its employees an average of 20 per direct labor hour. Elkton just finished Job 371, which consisted of two engines for a farm equipment manufacturer. The costs and hours for this job consisted of $13,000 in direct materials used and 170 direct labor hours of Job 3712 ob 371 Print Done ring overhead to be allocate werhead to be allocated base Ir answer to the nea Requirements X 1. What is Elkton's predetermined manufacturing overhead rate based on direct labor cost? 2. Calculate the manufacturing overhead to be allocated based on direct labor cost to Job 371 3. What is the total cost of Job 371? of Job 3712 ob 371 Print Done

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