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Please solve all boxes More info The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year,

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image text in transcribedimage text in transcribedimage text in transcribed More info The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year, Miskimen estimated that its overhead for the coming year would be $364,000. It also anticipated using 28,000 direct labor hours for the year. Miskimen pays its employees an average of $26 per direct labor hour. Miskimen just finished Job 371, which consisted of two engines for a farm equipment manufacturer. The costs and hours for this job consisted of $15,500 in direct materials used and 110 direct labor hours. Miskimen 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 requirements. Requirement 1. What is Miskimen's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Miskimen's predetermined overhead rate based on direct labor costs, then calculate the rate. Requirement 2. Calculate the manufacturing overhead to be allocated based on direct labor costs 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.) Requirement 3. What is the total cost of Job 371? Estimated yearly direct labor cost Estimated yearly direct labor hours Estimated yearly overhead costs Total direct labor-Job 371 Total direct materials_Job 371

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