Question 13 (2 points) A company produces two models of ice chests. The total overhead for the company is estimated to be 4,800,000. The total direct labour hours is estimated to be 1,000,000. If a deluxe model of an ice chest uses 4 hours of direct labour in production, how much overhead should be allocated to it using the traditional method? 4.80 19.20 0.84 1.20