Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Total estimated overhead costs for the two product lines are $835,200. (a) Your answer has been saved. See score details after the due date. Calculate overhead rate. (Round answer to 2 decimal places, eg. 12.25.) Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to assign overhead costs. Car wheels $ Truck wheels $ Pharoah Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. The company uses the account Operating Overhead in place of Manufacturing Overhead, and the account Service Contracts in Process in place of Work in Process Inventory. (a) Your answer has been saved. See score cletails after the due date. Compute the predetermined overhead rate. Predetermined overhead rate $ per decorator hour Prepare the entry to apply the overhead for the year. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit