Records at Hal's Accounting Services show the following costs for year $ Direct materials and supplies Employee cost Total overhead 45,000 3,000,000 1,260,000 Production was 35,000 billable hours. Fixed overhead was $750,000, Assuming no change in Billable hours in year 2. direct materials and supples costs are expected to increase by 10 percent Direct labor costs are expected to increase by 15 percent Variable overhead per billable hour is expected to remain the same, but fixed overhead is expected to increase by 5 percent Required: a. Year 2 production is expected to be 28.000 bitable hours. What are the estimated direct materials, direct labor variable overhead, and fixed overhead costs for year 2? b. Determine the total costs per billable hour for year 1 ond year 2 Complete this question by entering your answers in the tabs below Reed Aquired Year 2 production is expected to be 25,000 billable hours. What are the estimated direct materials, direct labor, variable overhead, and fixed overhead costs for year 22 (Do not round Intermediate calculations) Costem Year 2 Cost Dracters and so Bed abor Vivad Total Required)