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Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year it estimated that 92,500 direct labor-hours would be required for the period's estimated level of client service. The company also estimated $1,156,250 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor hour. The firm's actual overhead cost for the year was $1177,550 and its actual total direct labor was 97750 hours Required: 1 Compute the predetermined overhead rate 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job Direct materials Direct labor cost Direct labor-hours worked $ 39,000 $ 30,680 370 Mcewan Corporation uses a job order costing system with a single plantwide predetermined overhead rate based on direct labor hours The company based its predetermined overhead rate for the current year on 45,000 direct labor-hours, total fixed manufacturing overhead cost of $315,000, and a variable manufacturing overhead rate of $3.80 per direct labor hour Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data Total direct labor-hours Direct labor cost Direct materials 300 3.600 56,400 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20% (Round intermediate calculations and final answer to 2 decimal places.) Selling price por unit

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