Johnston Company cleans and applies powder coat paint to metal ltems on a job-order basis. Johnston has budgeted the following amounts for various overhead categories in the coming year. In the coming year. Johrston expects to powder coat 150,000 units. Each unit takee 1.2 direct labor hours. Johnston has found that supplies and gas (ised to run the drying ovens-atl units pass through the drying ovens after powder coat paint is applitd) tend to vary with the riumber of units. produced; All other overtiead categories are considered to be fixed Required: 1. Caiculate the inumber of dinect latber hours Jotruton must budget for the coming yeat. Calculate the variable overhead rates. Calculate lhie totaf fixed bverhead for the coming yeat, Wher required, round vour answers to the nearest cent and use the rounded answers in sobsequent fequaromieuts. required, round Your guswats to tha fearest ceat. 2. Prepare an overhead budget for Johnston for the coming year. Show the total variable overhead, total fixed overhead, and total overhead. When required, round your answers to the nearest cent. Calculate the fixed overhead rate and the total overhead rate. If required, round your answers to the nearest cent. 3. What if Johnston had expected to make 148,000 units next year? Assume that the variable overhead per unit does not change and the totat fxed overhead amounts do not change. Calculate the new budgeted direct labor hotis. Piepare a new overhead budget. If requirsd, round your answers to the natarent cent. 3. What if Johnston had expected to make 148,000 units next year? Assume that the variable overhead per unit does not change and the total fixed overhead amounts do not change. Calculate the new budgeted direct labor hours. Prepare a new overhead budget. If required, round your answers to the nearest cent