The Orzo Company manutactures products in two departments. Mixing and Packaging. The company allocates manutacturing overhead using a single plantwide rate with direct labor hours as the allocation base. Estimated overhead costs for the year are $726,000, and estimated direct labor hours are 330,000 , in October, the company incurred 45,000 direct labor hours. Read the reguirements: Requirement 1. Compute the predelermined overhead allocation rate. Round to fwo decimal places. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate