Platinum Web Services designs and maintains websites for small business entrepreneurs. Competition has been intensifying in recent years and the company has been losing business to larger web design firms. Summary data concerning the last two years of operations follow 950 Estimated hours of service demanded Estimated overhead cost Actual hours of service provided Actual overhead cost incurred Hours of service available at capacity Last Year This Year 1,200 $ 90,000 $90,000 1,180 850 $90,000 $90,000 2.000 2.000 The company applies its overhead costs to jobs using the hours of service provided as the allocation base. For example, this year and last year, 43 service hours were required to maintain the website for a small company called Verde Consulting. All of Platinum's overhead costs are fixed, and the actual overhead cost incurred was exactly as estimated at the beginning of the year in lost year and this year Required: 1. Platinum Web Services computes its predetermined overhead rate at the beginning of each year based on the estimated overhead cost and the estimated hours of service demanded for the year. Using this approach, how much overhead would have been applied to the Verde Consulting job last year? How about this year? 2. The president of Platinum Web Services has heard that some companies in the industry have changed to a system of computing the predetermined overhead rate based on the hours of service available at capacity. He would like to know what effect this method would have on job costs. How much overhead cost would have been applied to the Verde Consulting job last year using this method? How much would have been applied this year? 3. Platinum computes its predetermined overhead rate based on the hours of service available at capacity as in (2) above, how much unused capacity cost would the company have incurred last year? This year? The company applies its overhead costs to jobs using the hours of service provided as the allocation base. For example, this year and overhead costs are fixed, and the actual overhead cost incurred was exactly as estimated at the beginning of the year in last year and this year Required: 1. Platinum Web Services computes its predetermined overhead rate at the beginning of each year based on the estimated overhead cost and the estimated hours of service demanded for the year. Using this approach, how much overhead would have been applied to 2. The president of Platinum Web Services has heard that some companies in the industry have changed to a system of computing the predetermined overhead rate based on the hours of service available at capacity, He would like to know what effect this method would have on job costs. How much overhead cost would have been applied to the Verde Consulting job fast year using this method? How much would have been applied this year? 3. Platinum computes its predetermined overhead rate based on the hours of service available at capacity as in (2) above, how much unused capacity cost would the company have incurred last year? This year? Complete this question by entering your answers in the tabs below. Mequired Required 2 Heure Platinum Web Services computes its predetermined overhead rate at the beginning of each year based on the estimated overhead cost and the estimated hours of service demanded for the year. Using this approach, how much overhead would have been applied to the Verde Consulting Yobt year? How about this year round your answers to the nearest whe tramount Last Year This Year Overhead applied to Verde Consulting eginning of the year in last year and Required: 1. Platinum Web Services computes its predetermined overhead rate at the beginning of each year based on the estimated overhead cost and the estimated hours of service demanded for the year. Using this approach, how much overhead would have been applied to the Verde Consulting job last year? How about this year? 2. The president of Platinum Web Services has heard that some companies in the industry have changed to a system of computing the predetermined overhead rate based on the hours of service available at capacity. He would like to know what effect this method would have on job costs. How much overhead cost would have been applied to the Verde Consulting job instyear using this method? How much would have been applied this year? 3. U Platinum computes its predetermined overhead rate based on the hours of service available at capacity as in (2) above how much unused capacity cost would the company have incurred last year? This year? Complete this question by entering your answers in the tabs below. Required: Required 2 Heures The president of Platinum Web Services as heard that some companies in the industry have changed to temo computing the predetermined overheaded on the hero a capacity to know what affect this method would have no costs. How much overhead cost would have been to the Congo last year using this method How much would have been rentrate ca Last Year Thieve Oraded to record Required: 1. Platinum Web Services computes its predetermined overhead rate at the beginning of each year based on the estimated overhead cost and the estimated hours of service demanded for the year. Using this approach, how much overhead would have been applied to the Verde Consulting job last year? How about this year? 2. The president of Platinum Web Services has heard that some companies in the industry have changed to a system of computing the predetermined overhead rate based on the hours of service available at capacity. He would like to know what effect this method would have on job costs. How much overhead cost would have been applied to the Verde Consulting job last year using this method? How much would have been applied this year? 3. Platinum computes its predetermined overhead rate based on the hours of service available at capacity as in (2) above, how much unused capacity cost would the company have incurred last year? This year? Complete this question by entering your answers in the tabs below, Hequired 1 Required 2 Nord 1 Platinum computes its predetermined overhead rate based on the hours of service available at capacity asin (2) above how much unused capacity cost would the company have incurred last year? This year to not round your intermediate calculations) Last Year Cost of unused opacity This Year