Reed Company estimates the company will incur $73,100 in overhead costs and 4,300 direct labor hours during the year. Actual direct labor hours were 4,500. Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base, and prepare the journal entry for the allocation of overhead Calculate the predetermined overneau allocation rate. Fill in the labels and complete the formula below. Predetermined overhead allocation rate per direct labor hour Prepare the journal entry for the allocation of overhead. First, select the formula to calculate the overhead costs allocated. Fill in the labels and complete the formula below. X Allocated overhead costs Prepare the journal entry for the allocation of overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next