I can't determine what the total cost of 101 and 102?
Laurelton Heating & Cooling installs and services commercial heating and cooling In February, Laurelton started and completed the following two jobs: systems. Laurelton uses job costing to calculate the cost of its jobs. Overhead is a (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, Laurelton estimated that its overhead for the Laurelton paid a $28-per-hour wage rate to the employees who worked on these coming year would be $64,800. It also anticipated using 4,050 direct labor hours two jobs. for the year. . Read the mmrements. Requirement 1. What is Laurelton's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Laurelton'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 $ 64,800 / 4,050 = $ 16 per hour Requirement 2. Calculate the overhead to be allocated to each of the twojobs based on direct labor hours. Job 101 Job 102 W Overhead costs $ 2,720 $ 1,280 Requirement 3. What is the total cost of Job 101? What is the total cost of Job 102? Laurelton Heating & Cooling installs and services commercial heating and cooling In February, Laurelton started and completed the following two jobs: systems. Laurelton usesjob costing to calculate the cost of its jobs. Overhead is a (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, Laurelton estimated that its overhead for the Laurelton paid a $28-perhour wage rate to the employees who worked on these coming year would be $64,800. It also anticipated using 4,050 direct labor hours two jobs. for the year. Read the muirements. o DataTable 0 Requirements Job 101 Job 102 . agile Laurelton's predetermined overhead rate based on direct labor Dire\"! materials used ------ $ 17:000 $ 13,500 . Calculate the overhead to be allocated to each of the two jobs based on Direct labor. hours.used . . . . 170 80 ' direct labor hourS- What is the total cost of Job 101 ? What is the total cost of Job 102? 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 $ 2.720 $ 1,280 Requirement 3. What is the total cost of Job 101? What is the total cost of Job 102? Job 101 Job 102 Total job cost : :l