Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $702,800 Direct labor hours 86,250 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 21,563. Required: 1. Calculate the predetermined overhead rate for Debion. Round your answer to the nearest cent. $ 8.15 per direct labor hour 2. Calculate the overhead applied to production in March. Round your intermediate calculations to two decimal places and round your answer to nearest whole value. $