Requirements 1. Compute the predetermined overhead allocation rates. Round to two decimal places. 2. Determine the total amount of overhead allocated in October. The Orzo Company manufactures products in two departments: Mxing and Packaging. The company was allocating manufacturing overhead using a single plantwide rate of $2.35 with direct labor hours as the allocation base. The company has refined its allocation system by separating manutacturing overhead costs into two cost pools - one for each department. Tho estimated costs for the Mixing Department, $481,750, will be allocated based on direct labor hours, and the estimated direct labor hours for the year are 205,000. The estimated costs for the Packaging Department, $192,000, will be allocaled based on machine hours, and the estimated mochine hours for the year are 60,000 . In October, the company incurred 10,000 direct labor hours in the Moving Depariment and 11,000 machine hours in the Packaging Department. Read the Requirement 1. Compute the predetormined overhead allocation rates. Round to two decimal places. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department