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Riker industries uses job costing to calculate the cost of its jobs with direct labor cost as its manufacturing overhead allocation base. (Click the icon to view additional information) Read the requirements Requirement 1. What is ker's predetermined manufacturing overhead rate based on direct labor (OL) cost? Determine the formula to calculate Riker's predetermined overhead rate based on direct labor costs, then calculate the rate Predetermined overhead rate % of DL.com Requirement 2. Calculate the manufacturing overhead to be allocated based on direct labor cost to Job 371 Determine the formula to calculate the overhead to be allocated based on direct labor to Job 371, then calculate the manufacturing overhead allocated. (Round your answer to the nearest whole doll Manufacturing overhead alocated Requirements. What is the total cost of Job 371? Job 371 Tolobos The begint would manu mabore rhead allocation base Requirements 1. What is Riker's predetermined manufacturing overhead rate based on direct labor cost? 2. Calculate the manufacturing overhead to be allocated based on direct labor cost to Job 371 3. What is the total cost of Job 371? ulate the rate ost Print Done late the manufacturing overhead allocated. (Round your answer to the nearest whole dolar) aring ocated More Info The company manufactures a variety of engines for use in form equipment. At the beginning of the current year, Piker estimated that its overhead for the coming year would be $530,400. It also anticipated using 30,000 direct labor hours for the year. Riker pays its employees an average of $34 per direct labor hour. Riker just finished Job 371, which consisted of two engines for a form equipment manufacturer. The costs and hours for this job consisted of $15,500 in direct materials used and 115 direct labor hours Print Done