Ripley Company estimates the company will incur $62,300 in overhead costs and 4,450 direct labor hours during the year. Actual direct labor hours were 4,750. 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 overhead allocation rate, Fill in the labels and complete the formula below. Predetermined overhead allocation rate per direct labor hour Choose from any list or enter any number in the input fields and then click Check