Lakeland Heating \& Cooling installs and services commercial heating and cooling systems. Lakeland uses job costing to calculate 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, Lakeland estimated that its overhead for the coming year would be $66,000. It also anticipated using 4,400 direct labor hours for the year. In June, Lakeland started and completed the following two jobs: (Click the icon to view the jobs.) Lakeland paid a \$36-per-hour wage rate to the employees who worked on these two jobs. Read the requirements. Data table Requirements 1. What is Lakeland's predetermined overhead rate based on direct labor hours? 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. 3. What is the total cost of Job 101? What is the total cost of Job 102? Requirement 1. What is Lakeland's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Lakeland's predetermined overhead rate based on direct labor hours, then calculate the rate. = Predetermined overhead rate = per hour Requirement 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. Requirement 3. What is the total cost of Job 101? What is the total cost of Job 102