ElteLawn & Plow ng (ELS) is a law and snow plowing service with both residential and commerciale ants The owner beleves that the commercial sector has more growth opportunities and is considering dropping the residential service Twenty employees worked a total of 20,000 hours last year, 13,000 on residentibt jobs and 7,000 on commercial joos Wages were $25 per hour for at work done Any materials used are included in overhead as supplies. All overhead is allocated on the basis of laborumours worked, which is also the basis for customer charges. Because of increased competition for commercial accounts. EL&P con charge $60 per hour for residential work, but only $45 per hour for commercial work. Required: B. If overhead for the year was $205,000, what were the profits of the residential and commercial services using labor-routs as the b. Overhead consists of costs of traveling to the site, using equipment (including vehicle rental), and using supplies, wnich can be traced as follows allocation base? Motivity Traveling Using equipment Using supplies Total overhead cont Cerer Sumber of clients served Equipment tours Ares serviced in square yards CORT $ 25,000 60,000 120.000 $205,000 Cost Driver Voluen Commercial Remidantini 24 76 1,775 1,225 65,000 35,000 Recalculate profits for commercial and residential services based on these activity bases. (Round Intermediate calculations to 2 decimal places.) Commercial Residential Revenue Direct Labor Overhead Profit Total Overhead Profit b