U pts E3-20A (similar to) Question Help Prompton Heating & Cooling installs and services commercial heating and cooling In April, Prompton started and completed the following twojobs systems, Prompton 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 job. At the Click the icon to view the jobs) beginning of the current year, Prompton estimated that its overhead for the coming year Prompton paid a $24-per-hour wage rate to the employees who worked on these two would be 563,750. It also anticipated using 4 250 direct labor hours for the year jobs. Read the recirements Requirement 1. What is Promptor's predetermined overhead rate based on direct labor hours? Determine the formula to calculate. Prompton's predetermined overhead rate based on direct labor hours, then calculate the rate. - Predetermined overhead rate Requirements 1. What is Prompton's predetermined overhead rate based on direct labor hours? 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours 3. What is the total cost of Job 1017 What is the total cost of Job 1027