S 40,000 2,600,000 1,300,000 Total overhead Assuming no change in billable hours in year 2, direct materials and supplies 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 36,000 billable hours. What are the estimated direct materials, direct labor, variable overhead, and fixed overhead costs for year 2? (Do not round intermediate computations.) 2 Cost Direct materials and supplies 2,392.000 77,000 s 3,169,000 uucaion.com/hm.tpx? -0.09346529441753659 1550603389549 Direct labor Variable overhead Fixed overhead Total costs 2,392,000 777,000 3,169,000 b. Determine the total costs per billable hour for year 1 and year 2. (Round your answers to 2 decimal places.) Costs Per Billable Hour Year 1 Year 2 References eBook&Resources Learning Objective: 05-03 Estimate costs using acco Worksheet Check my work