This Question: 10 pts 53 of 55 (49 complete) This Test: 100 pts possible Lakeland Heating & Cooling installs and services commercial heating and cooling systems. Lakeland 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, Lakeland estimated that its overhead for the coming year would be S65,250. It also anticipated using 4,350 direct labor hours for the year In August, Lakeland started and completed the following two jobs: (Click the icon to view the jobs.) Lakeland paid a $34-per-hour wage rate to the employees who worked on these two jobs. Read the requirements Requirement 1. What is Lakeland's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Lakeland's predetermined overhead rate based on direct labor hours, then calculate the rate. Predetermined overhead rate = per hour Requirement 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. Job 101 Job 102 Overhead costs Data Table Requirement 3. What is the total cost of Job 101? What is the total cost of Job 1027 Job 101 Job 102 Job 101 Job 102 Direct materials used $ 18,000 $ 10,500 76 Direct labor hours used 175 Total job cost PrintDone Choose from any list or enter any number in the input fields and then continue to the next