John Meyer, CPA, does tax \& audit work. He estimates his overhead costs for the current year will be: 32,300 John uses direct labor hours to allocate overhead costs to jobs performed for clients. He estimates that he will work 1,900 hours conducting audits and preparing tax returns this year. John uses $60 per hour for his wage rate when computing the cost of any work performed for a client. John spent 12 hours proparing a tax return for Sharon Ward. What was the cost to prepare Sharon's return? HERE IS AN EXCEL SPREADSHEET TEMPLATE THAT WILL BE QUITE USEFUL IN SOLVING THIS PROBLEMI Click the link to left to open and download. MAKE SURE THAT YOUR RESPONSE INCLUDES AN EXPLANATION OF YOUR ANSWER, NOT THE SIMPLE DOLLAR (\$) AMOUNT. YOUR EXPLANATION IS MORE IMPORTANT THAN THE ANSWER ITSELF BECAUSE YOUR EXPLANATION SHOWS THAT YOU COMPREHEND AND UNDERSTAND THE ACCOUNTING CONCEPT. EXPLAIN WHETHER OR NOT YOU USED THE EXCEL SPREADSHEET I PROVIDED. WAS IT HELPFUL