Grace Ventures is a CPA firm that has following budget for year: The firm uses direct labor as the cost driver to apply overhead to clients. During January, the firm worked for many clients; data for two of them follow: Compute the Grace Ventures budgeted overhead rate. Explain how this is used. Compute the amount of overhead to be charged to the Henderson and Fisher accounts using the predetermined overhead rate calculate in requirement (1). Compute the separate job cost for the Henderson and Fisher accounts