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Lakeland Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base (Click the icon to view additional information.) Read the reiramants The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year would be $371,800. It also anticipated using 26,000diect labor hours for the year Lakeland pays its employees an average of $22 per direct labor hour Lakeland just finished Job 371, which consisted of two engines for a farm equipment manufacturer. The costs and hours for this job consisted of $13.0D0 in direct materials used and 10D direct labor hours. year, Lakeland estimated that its overhead for the coming Requirement 1. What is Lakeland's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Lakeland's predetermined overhead rate based on direct labor costs, then calculate the rate. Estimated yearly overhead costsEstimated yearly direct labor cost Predetermined overhead rate 371.800 572.000 65 % of DL cost PrintDone 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 dollar.) Manufacturing Actual direct labor costs x Predetermined overhead rate Requirements s owerhead allocated 65 371800 1. What is Lakeland'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? PrintDone Choose from any ist or enter any number in the input fields and then click Check