Pulter Contracting Company builds additions and remodels homes. The firm's pricing policy is to estimate the direct costs of the job, allocate overhead as a percentage of the direct costs, and then add 30% to this as profit. For the next year direct costs are estimated at $15,000,000 and overhead costs are estimated at $7,500,000 Calculate the price that will be quoted to a customer for a remodeling job that is expected to have direct materials costs of $25,000 and direct labour costs of $15,000 $40.000 $60.000 578.000 352.000 TI 2.5 point Pranks Fabricating uses jo costing and applies Overhead using a normat costing system and uses direct labor cost as the allocation base. This periods estimated overhead cost is $100.000 and estimated direct labor cost of $50.000 and 2.500 direct labor hours Direct Materiais DirectLabor Cost Direct Labor Hours Job 200 5500 5000 40 Job 201 $ 350 $200 10 Job 202 $1.000 3600 30 What is the overhead location rate? 2004 of direct labor cost 546 per direct labor hour 520 per direct labor hour 50 of direct labor cost