Prior to the purthase of this equipment, Foto-Fast Copy Shop's overhead averaged $46,200 per year. After the the total overhead increased to $115,500 per year. Foto- Fast Copy Shop has always costed jobs on the basis of actual overhead rate based on direct labor hours. Budgeted direct labor hours for the year are Required per direct labor hour sheets of paper at $0.02 each and 36 minutes of direct labor time. What would have been the cost of Ri ck's job on May 20? On June 20? If required, round your answers to the nearest cent. Total job cost May 20 June 20 Previous Next 2. What was the predetermined overhead rate after the new equipment was purchased? per direct labor hour 3. Suppose Rick Anselm brought in several items he wanted photocopied. The job required 600 sheets of paper at $0.02 each and 36 minutes of direct labo time. What would have been the cost of Rick's job on May 20? On June 207 If required, round your answers to the nearest cent. Total job cost May 20 June 20 4. Suppose that the owner decides to calculate two overhead rates, one for the photocopying area based on direct labor hours as before, and one for the the machines is 2,000 hours. What are the two overhead rates? If required, round your answers to the nearest cent. computer-aided printing area based on machine time. Estimated overhead applicable to the computer-aided printing area is $69,300, and forecasted usage d Overhead Rate per direct labor hour per machine hour Computer-aided printing Which overhead rate system is better-one rate or two? Next 239 PM 2/26/2019