The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials $ 336,666 Indirect labor 1,645,666 DepreciationBuilding 299,666 DepreciationFurniture 31,666 Utilities
The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials $ 336,666 Indirect labor 1,645,666 DepreciationBuilding 299,666 DepreciationFurniture 31,666 Utilities 366,666 Insurance 37,666 Property taxes 51,666 Other expenses 141,666 Total $ 2,834,666 The firm estimates total direct labor cost for the year to be $1,771,250. 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 $ 2,866 Feller account Direct labor $ 8,866 Required: 1. Compute the firm's 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. 3. Compute totaljob cost for the Gargus account and the Feller account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the firm's predetermined overhead rate. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 accountComplete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total job cost for the Gargus account and the Feller account. Total job cost
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