King Company is a consulting firm. The firm expects to have $48,750 in indirect costs during the year and bill customers for 7,500 hours. The cost of direct labor is $75 per hour. 18. Calculate the predetermined overhead allocation rate for King using estimated billable hours for the allocation base. 19. King complated a consulting job for Dilon Gullo and billed the customer for 19 hours. What was the total cost of the consulting job? 20. If Kong wants to earn a profit equal to 30% of the cost of a job, how much should the company charge Mr: Gullo? King Company is a consulting firm. The firm expects to have $48,750 in indirect costs during the year and bill customers for 7,500 hours. The cost of direct labor is $75 per hour. 18. Calculate the predetermined overhead allocation rate for King using estimated billable hours for the allocation base. 19. King complated a consulting job for Dilon Gullo and billed the customer for 19 hours. What was the total cost of the consulting job? 20. If Kong wants to earn a profit equal to 30% of the cost of a job, how much should the company charge Mr: Gullo