Nestl Waters incurs a total overhead cost of $9,000,000 and uses 90,000 direct labor hours. Calculate the overhead rate per hour. If a job uses

Nestlé Waters incurs a total overhead cost of $9,000,000 and uses 90,000 direct labor hours. Calculate the overhead rate per hour. If a job uses 2,000 direct labor hours, how much overhead is applied to the job? Prepare a classified balance sheet as of December 31, 20X1.