Fred's Furniture makes sofas, loveseats, and recliners. The company allocates manufacturing overhead based on direct labor hours. Fred estimated a total of $ 2.6 million of manufacturing overhead and 36,000 direct labor hours for the year. Job 215 consists of a batch of 12 recliners. 1. Compute the company's predetermined manufacturing overhead rate using direct labor hours 2. Calculate the total cost and cost per unit of each recliner. The information about direct materials and labor costs are below: Lumber: 9 units at $27 per unit Padding: 21 yards at $18 per yard Upholstery fabric: 64 yards at $ 27 per yard, sourced from a local manufacturer Labor time records show the following employees (direct labor) worked on Job 215: Tim Williams: 9 hours at $17 per hour Elisa Haskins: 10 hours at $ 16 per hour Rene Germano: 12 hours at $ 14 per hour Important Note: There is no particular template you need to use in the space to your right. Just show your work and clearly labor what numbers you are using in your calculations. For example, if you use the 3,600 in direct labor hours put "Direct Labor Hours" in the cell next to 3,600 so it is clear what this number is. Part 1 Predetermined overhead rate: Part 2 Total Job Cost Cost per Unit