Problem 4-47 Application of Overhead [LO 4-3, 4-4, 4-6] The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials 480,000 1,870,000 329,000 61,000 375,000 Indirect labor Depreciation-Building Depreciation-Furniture Utilities Insurance 52,000 66,000 Property taxes Other expenses 171,000 $3,404,000 Total The firm estimates total direct labor cost for the year to be $2,127,500. The firm uses direct labor cost as the cost driver to apply overhead to clients. During January, the firm worked for many clients; data for two of them follow: Gargus account $ 4,300 Direct labor Feller account Direct labor $10,300 Required: 1. Compute the firm's predetermined overhead rate. 2. Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1 3. Compute totaljob cost for the Gargus account and the Feller account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1 Amount of Overhead Gargus account Feller account Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 2 Compute total job cost for the Gargus account and the Feller account Gargus Account Feller Account Total job cost