Predetermined Manufacturing Overhead Rate - 8 Points The Steel Ball Bearing Company uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs under a job order costing system. The company overhead can be best allocated as a factor of Direct Labor hours. The accounting data for this problem is below: Estimated overhead costs for the year 240,000 1,200,000 Estimated direct labor hours for the year Actual direct labor hours for the year Actual Manufacturing overhead for the year 360,000 960,000 Compute the predetermined manufacturing overhead rate for the Steel Ball Bearing Company