Meed Company estimates the company will incur $62.300 in overhead costs and 4,450 direct labor hours during the year Actual direct labor hours were 4,850 Calculate the predetermined overhead allocation rate using direct labor hours as theallocation 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 Total estimated overhead costs allocation rate per direct labor hour Prepare the journal entry for the allocation of overhead First, select the formula to calculate the overhead costs allocated. Fill in the labels and complete the formula below - Allocated overhead costs Prepare the journal entry for the allocation of overhead. (Record debits irst, then credits Exclude explanations from any journal entries) Date Accounts Debit Credit Choose from any list or enter any number in the input nelds and then continue to the next