c h e Marage 934564/mi/4156081607cf%204%2F38.menu=table of contents e. None of these Q 192 * + - BRIEF EXERCISES: SET A OBJECTIVE 2 Example 4.1 Brief Exercise 4-22 Predetermined Overhead Rate, Overhead Application At the beginning of the year, llbey Company estimated the following costs: Overhead $416,000 Direct labor cost $20,000 Jlberg sises normal costing and applies ovechead on the basis of direct labor cost (Direct labor cost is equal to total direct labor hours worked multiplied by the wage) For the month of December, direct labor cost was $43,700.. Required: L.Calculate the predetermined overhead rate for the year. 2. Calculate the overhead applied to production in December