Section F: Predetermined Overhead Rate ASU Company cost management system produces the following budgeted data for the year 2019: Overhead costs $600,000 Machine hours. 250,000 Direct labor hours 100,000 Direct labor costs $400,000 Direct materials costs. $800,000 1. Compute the predetermined overhead rate assuming that ASU Company uses direct labor hours to allocate overhead costs. 2. Compute the predetermined overhead rate assuming that ASU Company uses machine hours to allocate overhead costs