- Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and soitware that it purchases and installs on behaif of its clients. The firm's direct labor includes salarles of consultants that work at the client's Job site, and its overhead consists of costs such as depreciation, utinties. and insurance related to the office headquarters as well as the office supplies that bre consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, It estimated that 80,000 direct labor-hours would be required for the period's estimated level of cllent service. The company also estimated $680,000 of fixed overhead cost for the coming period and varlable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $692,000 and its actual total direct labor was 83,000 hours. Reculred: 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was avallable with respect to this job: Direct materials Direct labor cost Direct labor-hours worked 538,000 21,000 Compute the total job cost for the Xavier Company engagement. Complote this question by entering your enswers in the tabs below. Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH K. Requlied 1 Required 2 > - Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and soltware that it purchases and installs on behaif of its cllents. The firm's direct labor includes salarles of consultants that work at the cllent's job site, and its overhead consists of costs such as depreciation, utilities. and Insurance related to the office headquarters as well as the office supplies that are consumed serving cllents. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 80,000 direct labor-hours would be required for the perlod's estimated level of client service. The company also estimated $680,000 of fixed overhead cost for the coming perlod and variable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $692,000 and its actual total direct labor was 83,000 hours. Required: 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following Information was avaliable with respect to this job: Direct materials Direct labor cost Direct labor-hours worked $38,000$21,000280 Compute the total job cost for the Xavier Company engagement. Comploto this questlon by entering your answers in the tabs below. \begin{tabular}{|l|l|} \hline Required 1 & Requiled 2 \\ \hline \end{tabular} Compute the total Job cost for the Xevier Company engegement. \begin{tabular}{|l|l|} \hline Direct materlals & \\ \hline Direct labor & \\ \hline Overhead epplled & \\ \hline Total manufacturing cost & \\ \hline \end{tabular}