Predetermined Overhead Rate, Overhead Application At the beginning of the year, liberg Compeny estimated the following costs Overhead Direct labor cost 1416,000 $20,000 Ilberg uses normal costing and applies overhead on the basis of direct labor cost. (Direct labor cost is equal to total direct labor hours worked multipled by the wage rate.) For the month of December, direct labor cost was $37,900 Required 1. Calculate the predetermined overhead rate for the year. Enter the percentage answer as a whole number %ofirect labor cost 2. Calculate the overhead applied to production in December All work saved % FS 5 MacBook Air 6 <6 00 " previous next> Submit Test for Grading D DO " & 59 7 .8 8 T Y G U 69 OF 01 0 H J K B P J < > N M