ork Question 7, E3-23A (similar to) HW Score: 78.56%, 7.07 of 9 points Part 2 of 4 Points: 0.12 of 1 Save Riker Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. i (Click the icon to view additional information.) Read the requirements. Requirement 1. What is Riker's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Riker's predetermined overhead rate based on direct labor costs, then calculate the rate. Estimated yearly overhead costs Estimated yearly direct labor cost Predetermined overhead rate 460,800 15000 30 % of DL costQuestion 7, E3-23A (similar to) ) HW Score: 78.56%, 7.07 of 9 points Part 2 of 4 @ Points: 0.12 of 1 Riker Industries uses job cosng to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base" 0 (Click the icon to view additionail informationijy Read the muiremeniem Requirements J 1" What is Riker's predetermined manufacturing overhead rate based on direct 1 ' iabor cost? [ ' 2w Calculate the manufacturing overhead to be ailocated based on direct labor ' . cost to Job 371.. I l 3. What is the total cost of Job 371