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Requirement 1. What is Elkland's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Elkland's predetermined overhead rate based on direct

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Requirement 1. What is Elkland's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Elkland's predetermined overhead rate based on direct labor hours, then calculate the rate. 1=Predeterminedoverheadrate=perhour Requirement 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. Requirement 3. What is the total cost of Job 101? What is the total cost of Job 102? Data table

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