Diaz and Associates incurred the following direct labor costs in completing tax services job for a client. Diaz applies overhead at 60% of direct labor cost. Bours Used Hourly Rate Direct Labor on Tax Job Partner 5 $ 540 Senior manager 16 160 Staff accountants 150 50 1. Determine the total cost of this tax services job. Estimated Cost Direct labor type Hours used Hourly rate Labor Cost Total Cost Total direct labor cost Overhead OH Base OH rate Estimated Applied Overhead Total cost 2. If Diaz charged $27,000 for this tax services job, what is the gross profit for the job? Gross Profit