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NWT Consultants, located in Yellowknife, Northwest Territories, is a small but growing business that analyzes a variety of construction materials before they are used by contractors. The testing procedures are specific to the individual materials used because reagents used for testing react differently based on their composition and the quantity used. How they are introduced into the materials for testing is also important. During the month of December 2021, NWT completed 36 different jobs. Records pertaining to one such job (reference number: MT Q421-442) are as follows: Date 2/12/21 4/12/21 11/12/21 13/12/21 20/12/21 22/12/21 Document M-3316 L-4423 L-4437 M-3399 M-3407 L-4509 Amount $ 860 680 830 1,710 900 1,460 The documents with the references Mand L pertain to direct materials and direct labour, respectively. NWT currently allocates overhead using direct labour cost as the allocation base. For the year 2021, it estimated $633,600 as the overhead amount and $480,000 for direct labour costs. Required: 1. Compute the overhead allocation rate for 2021. Predetermined overhead rate % Amount Direct materials Direct labour Overhead Total costs 3. Prepare a job cost sheet for job MT Q421-442. Dec 01, 2021 Dec 23, 2021 JOB COST SHEET Number MT Q421-442 Date initiated Department Commercial Date completed Description Pesticide testing Units completed Direct Materials Direct Labour Req. No. Amount Time-Sheet Hours Amount 1 Overhead Rate DL Cost Amount % Cost Summary Date Dec 24, 2021 Job Completion Status Progress to date Completed and shipped to customer Total Cost Unit Cost