Banc Corp. Trust is considering elther a bankwide overhead rate or department overhead rates to allocate $357000 of indirect costs. The bankwide rate could be based on either direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period Department Consumer Commercial DLH 14.000 7.000 Loans Processed Direct Costs 659 $250.000 350 $138.800 What is the overhead rate it Banc Comp Trust allocates the Indirect costs usine direct labor hours $17.00 per hour. $428.00 per toon $620 per loan $53 per hour