Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Overhead cost Machine hours Direct labor hours Budgeted $940,310 55,500 101.000 Actual $913,310 47.300 96,300 Overhead is applied on the basis of direct labor hours. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.3. 12.25.) Predetermined overhead rate $ 9.31 per direct labor hour eTextbook and Media Determine the amount of overhead applied for the year, Amount of overhead applied $