This Question: 1 pt 3 of 12 (1 complete) This QH Elkland Heating & Cooling installs and services commercial heating and cooling systems. Elkland uses job costing to calculate the cost of its jobs Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Elkland estimated that its overhead for the coming year would be $61,500. Walto anticipated using 4 100 direct labor hours for the year In November, Eland started and completed the following two Jobs (Click the icon to view the jobs) Elkland paid a 524 per hour wage rate to the employees who worked on these two jobs Read the requirements Requirement 1. What is Eland's predetermined overhead rate based on direct labor hours? Determine the formato calculate Elkland's predetermined overhead rate based on direct labor hours, then calculate the rate = Predetermined overhead rate Data Table per hour Requirement 2. Calculate the overhead to be allocated to each of the twojobe based on direct labor hours Direct materials used Job 101 Job 102 $ 15 000 $ 10 000 155 72 Job 101 Job 102 Overhead costs Direct labor hours used Requirement 3. What is the total cost of Job 101? What is the total cost of Job 102? Print Done Job 101 Job 102 Requirements - X Totaljob cos! 1. What is Ekland's predetermined overhead rate based on direct labor hours? 2. Calculate the overhead to be located to each of the two jobs based on direct labor hours 3. What is the total cost of Job 1017 What is the total cost of Job 1027 Print Done