Affordable Furniture makes sofas, loveseats, and recliners. The company allocates manufacturing overhead based on direct labor hours. Affordable estimated a total of $1.0 million of manufacturing overhead and 30,000 direct labor hours for the year. Job 310 consists of a batch of 8 recliners. (Click the icon to view more information.) Read the requirements. Requirement 1. Compute the company's predetermined manufacturing overhead rate. (Enter all amounts as whole dollars and not in millions. Round the predetermined overhead rate to the nearest whole dollar.) First calculate the predetermined overhead rate based on direct labor hours. Identify the formula and then compute the rate. Predetermined overhead rate per DL hour Requirements 2 and 3. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record. Compute the total cost of Job 310, as well as the cost of each recliner produced in Job 310. (Round the cost per unit to the nearest whole dollar.) Job Cost Record for 310 Direct Materials: Total Lumber Padding units at yards at per unit per yard Upholstery fabric yards at per yard Total Direct Materials Direct Labor: Jill Smith hours at per hour hours at per hour hours at per hour hours Ida Redmond Heather Carmichael Total Direct Labor Manufacturing Overhead Allocated: Manufacturing Overhead Allocated: Per direct labor hour Total Job Cost Number of units Cost per Unit Requirement 4. The company's customers are concerned about environmental responsibility and social justice and require additional sustainability-related information prior to making their purchasing decisions. To meet customer concerns, determine (a) which materials used for the product are sourced locally, and (b) the percentage of labor paid at a rate greater than minimum wage. Currently, the federal minimum wage is $7.25 per hour. (a) contained in the product was sourced locally. (b) of the labor used in the manufacturing was paid at a rate higher than minimum wage.