Question #3 LT Furniture makes sofas, ioveseats, and recliners. The company allocates manufacturing overhead based on direct labor hours. The CFO has estimated a total of $2 million in manufacturing overhead for the upcoming year. This is based on an estimated 40,000 direct labor hours for the year. LT has elected to use job costing for most of their orders and Job 310 is for a batch of 10 recliners. The direct materials below were requisitioned for this job. - Lumber 9 10 units at $30 per unit - Padding 9 20 yards at $20 per yard - Upholstery fabric 9 60 yards at $25 per yard. sourced from a local manufacturer Labor time records show the following employees worked on Job 310: . Jessee Slothower: 10 hours at $12 per hour - Becky Wilken; 15 hours at $18 per hour . Chip Lathrop: 12 hours at $15 per hour a) Compute the company's predetermined overhead rate b) Compute the total amount of direct materiais. direct labor, and manufacturing overhead that should be shown on Job 310's job cost record sheet. c) Compute the total cost of Job 310, as well as the cost of each recliner produced in Job 310