(1) (Cick the icon to view additional information) Read the reguirements. Question 2 Requirement 1. What is Lakeview's predetormined manutacturng overtead rate based on drect labor (DL) cost? Determine the formula to calculale Lakevew's predolermined overhead rate based on direct labor costs, then calculate the rate. Question 3 More info Requirements The company manutactures a variety of engines for use in farm equipment. At the beginning of the current yeac, Lakeview estimated that is overhesd for the coming year would be $465,100. it also anticipated using 22,000 direct labor hours for the year, Lakeview pays its employees an average of $35 per direct labor hour: Lakeview just finished Job 371 , which consisted of fwo engines for a farm equipment manufacturer. The costs and hours for this job consisted of $17,500 in drect materias used and 140 direct labor hours. 1. What is Lakeview's predetermined manulacturng overhead rale based on direct labor cost? 2. Calculate the manufacturing overhead to be alocatod based on drect labor cost 10 Job 371 . 3. What is the total cost of Job 3717