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CoursHeroTranscribedText: 2 The Meyers CPA rm has the following overhead budget for the year: Overhead Indirect materials $ 440,000 Indirect labor 1,810,000 DepreciationBuilding 321,000 DepreciationFurniture 53,000 Utilities 355,000 Insurance 48,000 Property taxes 62,000 Other expenses 163,000 Total $ 3,252,000 The firm estimates total direct labor cost for the year to be $2,032,500. The firm uses direct labor cost as the cost driver to apply overhead to clients. During January, the rm worked for many clients; data for two of them follow: Gargus account Direct labor $ 3,900 Feller account Direct labor $ 9,900 Required: 1. Compute the rm's predetermined overhead rate. 2. Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1. 3. Compute total job cost for the Gargus account and the Feller account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the rm's predetermined overhead rate. ' Predetennined overhead rate % Required 2 > Required 1 Required 2 Required 3 Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1. Gargus account Feller account Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total job cost for the Gargus 5 Required 3 we Feller account. Total job cost

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