Current Attempt in Progress 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 40,000 10,000 Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $770,000. (a1) Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, eg. 12.25) Overhead rate 5 eTextbook and Media 11.00 per direct labor hour