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 Direct labor hours per wheel 40,000 11,000 1 3 Total estimated overhead costs for the two product lines are $846,800. (1) Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, es 12.25.) Overhead rates 11.60 per direct labor hour (a2) X Your answer is incorrect 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 $ 11.60 Truck wheels $ 34.80 e Textbook and Media Attempts: 1 of 3 used Submit Answer Save for Later