A manufacturing company estimates it will incur $1,200,000 in total direct labor; $500,000 in total direct materials; $750,000 in total indirect labor; $250,000 in total indirect materials; and $560,000 in other factory overhead for the period. If the company allocates based on direct labor, what will the factory allocation rate be for the period? (2.5 points) =

If management believes the new estimated total factory overhead should increase to $4,500,000, and still use direct labor what is estimated factory overhead rate at the new estimated level? (Round to the nearest hundredth) (2.5 points) =