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 40,000 11,000 Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $846,800 Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ eTextbook and Media per direct labor hour 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 $ eTextbook and Media