please explain how

Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory account shows the following Work in Process Inventory Date Explanation Debit Credit Balance Dec. 31 Direct materials cost 1,800,000 1,800,000 31 Direct labor cost 210,000 2,010,000 31 Overhead applied 648,000 2,658,000 31 to finished goods 2,564,000 94,000 1. Determine the predetermined overhead rate used (based on direct materials cost). 2. Only one job remained in work in process inventory at December 31. Its direct materials cost is $35,000. How much direct labor cost and overhead cost are assigned to this job? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Only one job remained in work in process inventory at December 31. Its direct materials cost is $35,000. How much direct labor cost and overhead cost are assigned to this job? Total cont of job in process Loss: Overhead applied Less: Materials cost of job in process Direct labor cost OO $ 94,000 12,600 35,000 $ 49.000