The Ortman Company manufactures products in two departments: Mixing and Packaging. The company was allocating manufacturing overhead using a single plantwide rate of $2.25 with direct labor hours as the allocation base. The company has rened its allocation system by separating manufacturing overhead costs into two cost poolsone for each department. The amated costs for the Mixing Department. $442000, 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, $213,000, will be allocated based on machine hours. and the estimated machine hours torthe year are 60,000. In October. the company incurred 2,000 direct labor hours in the Mixing Department and 11,000 machine hours in the Packaging Department. Read the muirements. Requirement 1. Compute the predetermined overhead allocation rates. Round to two decimal placa. 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 v5 = allocation rate Requirements 1. Compute the predetemtined overhead allocation rates. Round to two decimal places. 2. Determine the total amount of overhead allocated in October