The Orzo Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the allocation base. Estimated overhead costs for the year are $768,000, and estimated direct labor hours are 320,000. In October, the company incurred 45,000 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. Predetermined OH = allocation rate Requirement 2. Determine the amount of overhead allocated in October. Begin by selecting the formula to allocate overhead costs. xD Allocated mfg. overhead costs Alopated mig = overhead costs The overhead allocated in October is $ L 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. Predetermined OH = allocation rate verhead allocated in October. Actual overhead costs Actual qty of the allocation base used Estimated overhead costs Estimated qty of the allocation base erhead costs. Allocated mfg. Requirement 2. Determine the amount of overhead allocated in October. Begin by selecting the formula to allocate overhead costs. Allocated mfg. x overhead costs Actual overhead costs Actual qty of the allocation base used Estimated overhead costs Estimated qty of the allocation base Predetermined OH allocation rate