Nestl USA incurs a total overhead cost of $22,000,000 and uses 250,000 direct labor hours. Calculate the overhead rate per hour. If a job uses

Nestlé USA incurs a total overhead cost of $22,000,000 and uses 250,000 direct labor hours. Calculate the overhead rate per hour. If a job uses 5,000 direct labor hours, how much overhead is applied to the job? Prepare a classified balance sheet as of December 31, 20X1.