Exercise 4-12 (Part Level Submission) Sheridan Company manufactures a line of lightweight running shoes. CEO Mark Sheridan estimated that the company would incur $3,448,800 in manufacturing overhead during the coming year. Additionally, he estimated the company would operate at a level requiring 240,000 direct labor hours and 620,288 machine hours. ]Your answer is correct. Assume that Sheridan Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. (Round answer to 2 decimal places e.g. 52.75.) 14.37 Company's predetermined overhead rate $ DLH Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEG Attempts: 1 of 5 used Assume that job 4375 required 200 direct labor hours to complete. How much manufacturing overhead should be applied to the job? (Round answer to O decimal places, e.g. 5,275) Manufacturing overhead applied Click if you would like to Show Work for this question: Open Show Work