2 pts Question 26 The rate established at the beginning of a period that uses estimated overhead and an allocation factor such as estimated direct labor, and that is used to assign overhead cost to jobs, is the Predetermined overhead rate. Overhead variance rate. Estimated labor cost rate. Chargeable overhead rate. Miscellaneous overhead rate. 2 pts Question 25 A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required direct labor costing $20,000? $5,000 $16,000 $25,000. $125,000 $250,000 Asteroid Industries accumulated the following cost information for the year $ 16,000 4,000 Direct materials Indirect materials Indirect labor Factory depreciation Direct labor 8,500 12,800 37,000 Using the above information, total factory overhead costs equal; $78,300 $25,300 $12,800 $16,800 $53,000