NWT Consultants, located in Yellowknife, Northwest Territories, is a small but growing business that analyzes a variety of construction materials before they are used by contractors. The testing procedures are specific to the individual materials used because reagents used for testing react differently based on their composition and the quantity used. How they are introduced into the materials for testing is also important. During the month of December 2021, NWT completed 36 different jobs. Records pertaining to one such job (reference number. MT Q421-442) are as follows: Date 2/12/21 4/12/21 Document M-3316 L-4423 11/12/21 L-4437 Amount $ 890 550 1,090 13/12/21 M-3399 1,700 20/12/21 22/12/21 M-3407 1,160 L-4509 1,670 The documents with the references M and L pertain to direct materials and direct labour, respectively. NWT currently allocates overhead using direct labour cost as the allocation base. For the year 2021, it estimated $637,260 as the overhead amount and $494,000 for direct labour costs Required: 1. Compute the overhead allocation rate for 2021 arch 20 Prev Next > C Rain off and on A