Maynard Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2024, managing partner Debra Maynard prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information. Read the requirements. Data table ... Begin with (a) hourly direct labor cost rate. 23,600 hours 2,950,000 $ Direct labor 390,000 cost rate Estimated direct labor costs 2,950,000 Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities Estimated direct labor hours 23,600 $ = $ 125 per hour 1,107,500 420,000 Now compute Maynard Realtors' (b) predetermined overhead allocation rate. Predetermined overhea Estimated total indirect costs Estimated direct labor costs = allocation rate 65 % 1,917,500 $ $ 2,950,000 Requirement 2. Compute the predicted cost of the Drayne Manufacturing job. Print Done 1 Maynard Realtors Estimated Cost of the Drayne Manufacturing Job Direct labor X More info 125 = 32500 260 hrs. + Indirect costs 65% Drayne Manufacturing, Inc. is inviting several consultants to bid for work. Debra Maynard wants to submit a bid. She estimates that this job will require about 260 direct labor hours. Total predicted cost Help me solve this Etext pages Get more help Print Done