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Tech Solutions is a consulting firm that cises a fob-order costing system. Its direct materials consist of hardware and sofiware that it purchases and installs
Tech Solutions is a consulting firm that cises a fob-order costing system. Its direct materials consist of hardware and sofiware that it purchases and installs on behaif of its clients. The firm s direct labor includes satories of consultonts thot work at the elient's job site. and its overhead consists of costs such as depreciation, utilies, and insurance retated to the office heodequonters os weeti as tie ofthe supplies that are consumed serving clients. Theh Solutions computes its predetermined overtiend rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 62,500 direct labor-hours would be required for the periods estimated level of client service. The company aiso estimated $437,500 of fixed overhead cost for the coming perlod and variable overhead of 50.50 per ditect laberthour The firm's actual overhead cost for the year was $458,000 and its actual total difect labor was 67,150 hours Required: 1. Compute the predetermined overhead rate. 2. During the yeat, Tech Solutions started and completed the Xavier Company engagement. The following information was ovalible with respect to this job; Compute the total job cost for the Xavier Compary engagement. Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate. (Round your answer to 2 decimal plac Compute the total job cost for the Xavier Company engagement. Complete this question by entering your answers in the tabs below. Compute the total job cost for the Xavier Company engagement. (Round your
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