Steering Company estimated the following annual hours and costs:

Expected annual direct labor hours		40,000
Expected annual direct labor cost		$1,400,000
Expected machine hours		40,000
Expected material cost for the year		$1,792,000
Expected manufacturing overhead		$2,240,000

(a)

Calculate predetermined overhead allocation rates using each of the four possible allocation bases provided. (Round direct labor cost and direct material cost answers to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)

		Direct labor hours		Direct labor cost		Machine hours		Direct material cost
Predetermined overhead allocation		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 2 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 2 decimal places