ue 6: Question No. 6 1. Write the formula for computing a predetermined overhead rate. (5 marks) 2. A company applies overhead costs to jobs on the basis of direct labour-hours. In other words, the allocation base is direct labour-hours. At the beginning of the year the company estimated that it would work 40,000 direct labour hours and incur $320,000 in manufacturing overhead costs. (5 Marks) What is the company's predetermined overhead rate