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. Car Truck Estimated wheels produced 38,000 15,000 Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $796,800. * Your answer is incorrect. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ eTextbook and Media Solution * Your answer is incorrect. 0.84 per direct labor hour Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to allocate overhead costs. Car wheels $ 31920 Truck wheels $ 31920