The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year, Jamestown estimated that its overhead for the coming year would be $485,100. It also anticipated using 22,000 direct labor hours for the year. Jamestown pays its employees an average of $35 per direct labor hour. Jamestown just finished Job 371, which consisted of two engines for a farm equipment manufacturer. The costs and hours for this job consisted of $16,500 in direct materials used and 100 direct labor hours. Jamestown Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. (Click the icon to view additional information.) Read the requirements. Requirement 1. What is Jamestown's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Jamestown's predetermined overhead rate based on direct labor costs, then calculate the rate. Estimated yearly overhead costs / Estimated yearly direct labor cost = Predetermined overhead rate % of DL cost Requirement 2. Calculate the manufacturing overhead to be allocated based on direct labor cost to Job 371. Determine the formula to calculate the overhead to be allocated based on direct labor to Job 371, then calculate the manufacturing overhead allocated. (Round your answer to the nearest whole dollar.) Manufacturing Actual direct labor costs Predetermined overhead rate overhead allocated % Requirement 3. What is the total cost of Job 371? Job 371 Direct materials Direct labor Manufacturing overhead Total job cost