Homework: Chapter 3 Homework (GRADED) Question 6, E3-20A (similar to) Part 3 of 4 HW Score: 78.33%, 7.83 of 10 Save Dansville Heating & Cooling installs and services commercial heating and cooling systems. Dansville uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Dansville estimated that its overhead for the coming year would be $66,400. It also anticipated using 4,150 direct labor hours for the year. points Points: 0.83 of 3 In July, Dansville started and completed the following two jobs: (Click the icon to view the jobs.) Dansville paid a $36-per-hour wage rate to the employees who worked on these two jobs. Read the requirements Requirement 1. What is Dansville's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Dansville's predetermined overhead rate based on direct labor hours, then calculate the rate. Estimated yearly overhead costs Estimated yearly direct labor hours Predetermined overhead rate 66,400 4,150 16 per hour Requirement 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. Job 101 Job 102 Overhead costs