Prompton Heating & Cooling installs and services commercial heating and cooling systems. Prompton uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Prompton estimated that its overhead for the coming year would be $66,400. It also anticipated using 4,150 direct labor hours for the year. Requirement 1. What is Prompton's predetermined overhead rate based on direct labor hours? In July, Prompton started and completed the following two jobs (Click the icon to view the jobs) Prompton paid a $36-per-hour wage rate to the employees who worked on these two jobs Read the requirements Determine the formula to calculate Prompton's predetermined overhead rate based on direct labor hours, then calculate the rate Estimated yearly overhead costs Estimated yearly direct labor hours 4.150 S 66,400 Predetermined overhead rate 16 Requirement 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours per hour Job 101 Job 102 Overhead costs icipated using 4,150 direct labor hours for the Prompton paid a $36-per-hour wage rate to the employees whe Read the requirements. ad Requirements ed ly c 4,15 ead 1. What is Prompton's predetermined overhead rate based on direct labor hours? 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. 3. What is the total cost of Job 101? What is the total cost of Job 102? Print Done