The following information is available for a particular job performed by Newland Business Consultants in 2000 :

\begin{tabular}{lr}

Direct labor & $\$ 4,000$ \\

Supplies & 500 \\

Overhead & $? ? ?$ \\

Total cost & $\$ ? ? ?$ \\

\hline

\end{tabular}

Newland applies overhead on the basis of consulting hours, i.e., direct labor hours. The estimated total overhead costs for 2000 are $\$ 6.2$ million, and the estimated total consulting hours are 150,000 . Newland pays its consultants $\$ 40$ per hour.

1. Compute the predetermined overhead rate.

2. What is the allocated overhead cost and the total cost of this particular job?