for the year are $585,000, and estimated direct labor hours are 260,000. In October, the company incurred 60,000 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. Actual overhead costs oca sts. Actual qty of the allocation base used Estimated overhead costs Estimated qty of the allocation base Screenshot by Xnapper.com