Part 1 of 4 Prompton Heating & Cooling installs and services commercial heating and cooling systems. Prompton uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Prompton estimated that its overhead for the coming year would be $64,800. It also anticipated using 4,050 direct labor hours for the year. In P R Requirement 1. What is Prompton's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Prompton's predetermined overhead rate based on direct labor hours, then calculate the rate. =Predetermined overhead rate Requirements 1. What is Prompton's predetermined overhead rate based on direct labor hours? 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. 3. What is the total cost of Job 101? What is the total cost of Job 102? Print Done