QUESTION 2 Smith Fabricating uses job costing and applies overhead using a normal costing system and uses direct labour cost as the allocation base. This period's estimated overhead cost is $100,000 and estimated direct labour cost of $50,000 and 2,500 direct labour hours. What is the overhead allocation rate? A. 60% of Direct Labour Cost B. 50% of Direct Labour Cost C. 30% of Direct Labour Cost D. 200% of Direct Labour Cost