Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $276,000 and direct labor hours to be 20,000. Actual overhead for the year was $325,000. Required: 1. Compute the predetermined overhead rate. 2. If the company actually used 24,600 direct labor hours, how much manufacturing overhead is applied to the company's jobs? Required 1 Required 2 Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined Overhead Rate $ 13.08 X Required 1 Required 2 If the company actually used 24,600 direct labor hours, how much manufacturing overhead is applied to the company's jobs? Applied Manufacturing Overhead $ 1,880 X