Question 6 View Policies Current Attempt in Progress Assume a firm applies overhead to jobs based on direct labour dollars. The firm budgets to spend $750,000 on direct labour and estimates annual variable overhead and annual fixed overhead to be $355,000 and $1,220,000, respectively. The predetermined variable overhead rate is $1.63 per direct labour dollar. $0.47 per direct labour dollar. $0.62 per direct labour dollar. $2.11 per direct labour dollar. Save for Later Attempts: 0 of 1 used Submit Answer Assignment sent to Gradebook. Your grade is being recorded