Use the following information for the next 2 questions

.Tulalip uses a job costing system that allocates overhead as a percentage of direct labor costs. The budget for this year was: direct materials $60,000, direct labor $30,000, and overhead $45,000. Actual costs for this year were: direct materials $50,000, direct labor $35,000, and overhead $45,000.

2.What is the estimated overhead allocation rate?

a. 50% of direct labor costs

b. 129% of direct labor costs

c. 150% of direct labor costs

d. 67% of direct labor costs

3.What is the applied overhead for this year?

a. $52,500

b. $45,000

c. $35,000

d. $67,500