Elkton Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manulacturing overhead alocation base (Cick the icon to view aditional information) Read the requirements Requirement 1. What is Ekton's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Elkton's predetermined overhead More Info The company manufactures a varkety of engines for use in farm equipment At the Requirement 2. Calculate the manufacturing overhead to be allocate Determine the formula to calculate the overhead to be allocated base beginning of the current year, Ekton estimated that its overhead for the coming year would be $371,800. It also anticipated using 26,000 direct labor hours for the year Ekton pays its employees an average of $22 per direct labor hour. Elkton just inished Job 371, which consisted of two engines for a farm equipment answer to the r manufacturer. The costs and hours for this job consisted of $17,000 in direct materials used and 115 direct labor hours Requirement 3, What is the total cost of Job 371? PrintDone Job 371 Choose from any list or enter any number in the input fiekts and then continue to the next