The Meyers CPA firm has the following overhead budget for the year:

Overhead
Indirect materials	$ 470,000
Indirect labor	1,855,000
DepreciationBuilding	327,000
DepreciationFurniture	59,000
Utilities	370,000
Insurance	51,000
Property taxes	65,000
Other expenses	169,000
Total	$ 3,366,000

The firm estimates total direct labor cost for the year to be $2,103,750. The firm uses direct labor cost as the cost driver to apply overhead to clients.

During January, the firm worked for many clients; data for two of them follow:

Gargus account
Direct labor	$ 4,200
Feller account
Direct labor	$ 10,200

Required:

1. Compute the firms predetermined overhead rate.

Requirement 1- Predetermined overhead rate _________%

2. Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1.

Amount of Overhead

Gargus account________

Feller account________

3. Compute total job cost for the Gargus account and the Feller account.

	Gargus Account	Feller Account
Total job cost