= Homework: Chapter 3 Homework (Fall24) Question 3, E3-22A (simi... HW Score: 85.87%, 4.20 of 5 points Part 4 of 4 Points: 0,39 of 1 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 In October, Lakeland started and completed the following twojobs job. At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $63,750. Click the icon to view the jobs) also anticipated using 4,250 direct labor hours for the year Lakeland paid a $32-per-hou wage rate to the employees who worked on these two jako 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 Estimated yearly overhead costs Estimated yearly direct labor hoursPredetermined overhead rate 63.750 4250 15 per hour Data Table Requirement 2 Calculate the overhead to be allocated to each of the two jobs based on direct labor hours Job 101 Job 102 Job 101 Job 102 Overhead costs S2325 1.200 Direct materials used ... 19.000 $ 13.500 Requirement 3. What is the total cost of Job 1017 What is the total cost of Job 1027 Direct labor hours used. 155 88 Job 102 Job 101 10000 Direct maters Director 13500 Print Done Overhead 2325 1200 Totaljob.com