The Ortman Company manufactures products in two departments: Moing and Packaging. The company was allocating manulacturing overhead using a single plantwide rate of $2.40 with direct Inbor hours as the allocation bese. The compary has refined its allocation systom by separating manufacturing overhead costs into two cost pools-one for each department. The estimated costs for the Moing Department, $615,000, will be allocated based on deect labor hours, and the estimated direct labor hours for the year are 205,000, The estimated costs for the Packaging Department, $96,250, wil be allocated besed on machine hours, and the estimated machine hours for the year are 25,000. In October. the company incurred 25,000 direct labor hours in the Moxing Department and 12,000 machine hours in the Packaging Department. Read the requirements Requirement 1. Compute the predetermined overhead allocation rates. Round to two decimal places. Begin by selecting the formula to cateulate the predetermired overhead (OH) allocation rate. Then enter the ansounts to compute the alocation rate for each department. Requirement 2. Determine the total amount of overhead allocated in October. Begin by selecting the formula to alocate overhead costs