Leisure Heating & Cooling installs and services commercial heating and cooling systems. Leisure 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, Leisure estimated that its overhead for the coming year would be $68,800. It also anticipated using 4,300 direct labor hours for the year. In May, Leisure started and completed the following two jobs: (Click the icon to view the jobs.) Leisure paid a $28-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? Determine the formula to calculate Leisure's predetermined overhead rate based on direct labor hours, then calculate the rate. = Predetermined overhead rate Data Table Job 101 Job 102 $ 17,000 $ 10,000 Direct materials used Direct labor hours used 170 80 Print Done