other amount. Problem 1 Part a) Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $2,000,000 (200,000 hours at $10/hour) and that factory overhead would be $1,500,000 for the current period. At the end of the period, the records show that there had been 180,000 hours of direct labor and $1,200,000 of actual overhead costs. REQUIRED: (4 pointsSHOW ALL WORK!!) 1. Using direct labor hours as the base, calculate the predetermined overhead allocation rate. 2. Determine the amount of factory overhead applied (charged) into production during the period. rods wade Dolga ba