Homework:Chapter 3 homework Score: 0.39 of 1 pt 1 of 4 (1 completel HW Score: 9.72 E3-20A (similar to) Cooling instals and services commercial heating and cooling syslems. Leisure uses job costing to Leisure Heating caloulate 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, Leisure estimated that its overhead for the coming year would be $68,800. I also anticipated using 4,300 direct labor hours for the year. In August, Leisure started and completed the following two jobs (Click the icon to view the jobs.) Leisure paid a $38-per-hour wage rate to the employees who worked on these two jobs. Read the requirements Requirement 1. What is Leisure's predetermined overhead rate based on direct labor hours? Data Table Determine the formula to caloulate Leisure's predetermined overhead rate based on direct labor hours, then caloulate the rate Estimated yearly overhead costs Estimated yearly direct labor hours Predetermined overhead rate Job 101 Job 102) 68,800 4,300 16 per hour Direct materials used . 17,500 $ 13,500 Requirement 2. Caloulate the overhead to be allocated to each of the two jobs based on direct labor hours Direct labor hours used.. 175 78 Job 101 Job 102 Overhead costs 2.800 $ 1.248 Print Done Requirement 3. What the total cost of Job 101? What is the total cost of Job 102 iRequirements Job 101 Job 102 Direct materials 17.500 $ 13,500 1. What is Leisure's predetermined overhead rale based on direct labor hours? Direct labor 2,496 2 Calculate the overhead to be allocated to each of the two jobs based on direct labor hours 2,800 1,248 Overhead Total job cost 3. What the total cost of Job 1017 What is the total cost of Job 1027 Print Done Choose from any list or enter any number in the input fields and then click Check Answer Chec Clear All All parts showing MacBook Pro