The Orel Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead using a sings costs for the year are $960,000, and estimated direct labor hours are 400,000. In October, the company incurred 60,000 direct labor hours. Read the requirements Requirement 1. Compute the predetermined overhead allocation rate. 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. Estimated overhead costs 960,000 Predetermined OH Estimated qty of the allocation base 400,000 allocation rate 2.40 Requirement 2. Determine the amount of overhead allocated in October Begin by selecting the formula to allocate overhead costs. Actual qty of the allocation base used The overhead allocated in October is Allocated mfg. Predetermined OH allocation rate overhead costs