The Osborne 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 &650,000, and estimated direct labor hours are 300,000. In October, the company incurred 25,000 direct labor hours

Requirement:

1. Compute the predetermined overhead allocation rate. Round to two decimal places.

2. Determine the amount of overhead allocated in October