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Compute the firm's predetermined overhead rate.

Predetermined overhead rate:

Total job cost

Gargus account -

Feller account -

Amount of overhead

Gargus

Feller

The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials $ 356,666 Indirect labor 1,675,666 DepreciationBuilding 363,666 DepreciationFurniture 35,669 Utilities 319,999 Insurance 39,666 Property taxes 53,666 Other expenses 145,666 Total $ 2,919,999 The firm estimates total direct labor cost for the year to be $1,818,750. The firm uses direct labor cost as the cost driver to apply overhead to clients. During January, the firm worked for many clients; data for two of them follow: Gargus account Direct labor $ 3,666 Feller account Direct labor :5 9,666 Required: 1. Compute the firm's predetermined overhead rate. 2. Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1. 3. Compute total job cost for the Gargus account and the Feller account. Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 1 Compute the amount of overhead to be charged to the Gargus and Feller accounls using the predetermined overhead rate calculated in requirement 1. Gargus account Feller account