QUESTION Fast Services Inc. leases access to high-speed computers to small businesses. It provides the following information for the year Budoeted Actua! Overhead cost Computer hours Direct labor hours $2,200,000 $2,100,000 90,000 200,000 180,000 100,000 Overhead is applied on the basis of computer hours. Q1: Compute the predetermined overhead rate. Q2: Determine the amount of overhead applied for the year