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Lakeview industnes uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base (1) (Cick the icon to view additional information.) Read the requirements Requirement 1. What is Lakeview's predetermined manutacturing overhead rate hased on direct labor (DL) cost? Determne the formula to calculate Lakevew's predetermined overhead rate based on direct labor costs, then calculate the rate Fixer Industries uses job costing to calculate the costs of is jobs with direct labor cost as its manufacturing cwertiead allocation base. 1. (Click the icon to view additional information) Read the requitements Requirement 1. What is Fiker's predetermined manufacturing oventhead rate based con direct labor (DL) cost? Determine the fornula to calculate Riker's predelerthned overhead rate based on direct labor costs, then calculate the rate: Requirement 2 Calculate the marnulacturing overhead to be afocated bared chi direct labor cost to Job 371 Delemne the formula in calculote the overtead to be alfocated bused on direc labor to Soo 371, then calculale the marufacturing overhead afocated (Round your answet to the rearet whole dollar) Rher industries uses job costrig to calculate the costs of its jobs with drect labor cost as its manufacturing overhead allocation base (1.) (Cick the icon to view addibonal information)? Read the fegurements Requirement 1. What is Riker's predetermined manulacturing overhead rate basod on direct labor (DL.) cost? Delemune the focmula to caiculate Riker's presetermuned overthead rate based on direct labor costs, then calculate the rate. Requirement 2. Calculate the manufacturng overhead to be alocated based or drect labor cost to Job 371 to the noared whole dollar) Requirement 3. Whist is the fod al cont of Job 37 if Lakeview Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base (Click the icon to view additional information.) Read the requirements. Requirement 1. What is Lakeview's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Lakeview's predetermined overhead rate based on direct labor costs, then calculate the rate. l = Predetermined overhead rate More info The company manufactures a vanety of engines for use in farm equipment. At the beginning of the current year, Lakeview estimated that its overhead for the coming year would be $446,400. It also anticipated using 20,000 direct labor hours for the year. Lakeview pays its employees an average of $36 per direct labor hour. Lakeview just finished Job 371 . Which consisted of two engines for a farm equipment manufacturer. The costs and hours for this job consisted of $16,000 in direct matenals used and 115 direct labor hours