The Oliver Company manufactures products in two departments: Mixing and Packaging. The company was allocating manufacturing overhead using a single plantwide rate of $2.35 with direct labor hours as the allocation basa. The company has refined its allocation system by separating manufacturing overhead costs into two cost pools -one for each department. The estimated costs for the Mixing Department, $501,500, will be allocated based on direct labor hours, and the estimated direct labor hours for the year are 170,000. The estimated costs for the Packaging Department S175,500, will be allocated besed on machine hours, and the estimated machine hours for the year are 45,000. In October, the company incurred 45,000 direct labor hours in the Mixing Department and 12,000 machine hours in the Packaging Dopartment. Read the requirements Requirement 1. Compute the predetermined overhead alocation 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 Predetermined OH allocation rate Mixing Packaging Requirement 2 Begin by selecting the formula to allocate overhead costs Determine the total amount of overhead allocated in October Allocated mig overhead costs Compute the overhead allocated in October for each department and the total for both departments Mixing Packaging Total