Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor$-$hours

allowed for the actual output of the period. Data concerning the most recent year appear below:

Required:

Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fixed overhead and the total

budgeted variable overhead in the numerator of your rate. $($Round your intermediate calculations and final answer to the

nearest whole dollar amount.$)$

Compute the amount of overhead that would be applied to the output of the period. $($Round your intermediate calculations and

final answer to the nearest whole dollar amount.$)$