Gladstone Road Repairers has overheads of $22000 per month. Each month, 2000 drect labour hours are worked and charged to specific jobs, all of which are contracts for re-surfacing roads. Specialist machinery has to be use which is used for 1600 hours per month. The costs and time incuned on job number CBI 73520 are shown here: (Cick here to view financialdata.) Jobs are charged to customers at full cost plus 100%. Required: 1. Calculate the amount to be charged to the customer for job number CBI 73520, assuming overheads are chargedtojobs on a direct labour hour basis. 2. Calculate the amount to be charged to the customer for job number CBI 73520, assuming overheads are charged to jobs on a machine hour basis. Requirement 1 Firstly, the overhead recovery rate, based ondirect labour hours, can be found by this fomula: Gladstone Road Repairers has overheads of $22000 per month. Each month, 2000 drect labour hours are worked and charged to specific jobs, all of which are contracts for re-surfacing roads. Specialist machinery has to be use which is used for 1600 hours per month. The costs and time incuned on job number CBI 73520 are shown here: (Cick here to view financialdata.) Jobs are charged to customers at full cost plus 100%. Required: 1. Calculate the amount to be charged to the customer for job number CBI 73520, assuming overheads are chargedtojobs on a direct labour hour basis. 2. Calculate the amount to be charged to the customer for job number CBI 73520, assuming overheads are charged to jobs on a machine hour basis. Requirement 1 Firstly, the overhead recovery rate, based ondirect labour hours, can be found by this fomula