Exam 1 Chapter 1,2,3,46 Help Save&Eaht Sub Tech Solutions is a consulting Arm that uses a job-order costing system, Its direct materials consist of hardware and software that it purchases and Installs on behalf of Its clients. The firm's direct labor Includes salarles of consultants that work at the cllent's job site, and its overhead consists of costs such as depreclation, utilitles, and Insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 80,000 direct labor-hours would be required for the perlod's estimated level of client service. The company also estimated $680,000 of fixed overhead cost for the coming perlod and varlable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $692,000 and Its actuel total direct labor wes 83,000 hours. Required 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following Information was available with respect to this job: Direct materials Direct labor cost Direct labor hours vorked 38,00o 21,000 280 Compute the total job cost for the Xavler Company engagement Complete this question by entering your answers in the tabs below. Required 1 Required 2 19