Homework: Chapter 2 Save Score: 0 of 5 pts 5 of 15 (3 complete) HW Score: 14.4%, 14.4 of 100 pts SM2-7 (similar to) Question Help Riley Company estimates the company will incur $60,000 in overhead costs and 4,000 direct labor hours during the year. Actual direct labor hours were 4,700. Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base, and prepare the journal entry for the allocation of overhead. Calculate the predetermined overhead allocation rate. Fill in the labels and complete the formula below. Predetermined overhead Cost of goods manufactured - Total actual direct labor hours allocation rate = per direct labor hour Choose from any list or enter any number in the input fields and then click Check Answer. ? 2 parts Clear All Check Answer remaining 2:45 PM H O Type here to search O DI J' O ? 88F Partly sunny 6/19/2021