Homework: HW #2-Chapter 3 Save Score: 0 of 1 pt 5 of 10 (0 complete) HW Score: 0%, 0 of 10 pts E3-20A (similar to) Question Help Richmond Heating & Cooling installs and services commercial heating and cooling In August, Richmond started and completed the following two jobs: systems. Richmond uses job costing to calculate the cost of its jobs. Overhead is (Click the icon to view the jobs.) allocated to each job based on the number of direct labor hours spent on that job At the beginning of the current year, Richmond estimated that its overhead for the Richmond paid a $26-per-hour wage rate to the employees who worked on these coming year would be $66,750. It also anticipated using 4,450 direct labor hours for two jobs the year Read the requirements. Requirement 1. What is Richmond's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Richmond's predetermined overhead rate based on direct labor hours, then calculate the rate -Predetermined overhead rate iData Table Requirements 1. What is Richmond's predetermined overhead rate based on direct labor 2. Calculate the overhead to be allocated to each of the two jobs based on 3. What is the total cost of Job 101? What is the total cost of Job 102? Job 101 Job 102 hours? Direct materials used $ 18,500 $ 13,500 direct labor hours Direct labor hours used 195 84 PrintDone Print Done