Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $362,600 Direct labor hours 78,500 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 19,625. Required: 1. Calculate the predetermined overhead rate for Debion. Round your answer to the nearest cent. per direct labor hour S 2. Calculate the overhead applied to production in March. If required, round your answer to nearest whole value