estimated direct labor hours are $350,000.$ In October, the company incurred $50,000$ direct labor hours. Read the requirements. Requirement $1.$ Compute the predetermined overhead allocation rate. Round to two decimal places. Begin by selecting the formula to calculate the predetermined overhead $($OH$)$ allocation rate. Then enter the amounts to compute the allocation rate. Requirements $1.$ Compute the predetermined overhead allocation rate. Round to two decimal places. $2.$ Determine the amount of overhead allocated in October.estimated direct labor hours are $350,000.$ In October, the company incurred $50,000$ direct labor hours. Read the requirements. Requirement $1.$ Compute the predetermined overhead allocation rate. Round to two decimal places. Begin by selecting the formula to calculate the predetermined overhead $($OH$)$ allocation rate. Then enter the amounts to compute the allocation rate. Requirement $2.$ Determine the amount of overhead allocated in October Begin by selecting the formula to allocate overhead costs.year are $$840,000,$ and estimated direct labor hours are $350,000.$ In October, the company incurred $75,000$ direct labor hours.

Read the requirements.

Requirement $1.$ Compute the predetermined overhead allocation rate. Round to two decimal places.

Begin by selecting the formula to calculate the predetermined overhead $(OH)$ allocation rate. Then enter the amounts to compute the allocation rate.

Requirement $2.$ Determine the amount of overhead allocated in October.

Begin by selecting the formula to allocate overhead costs.

The overhead allocated in October is