Velton Corporation produces toddlers' plastic slides. In preparing the current budget, Velton's management chooses to use an overhead base of direct labor hours. Velton estimates a total of $300,000 in manufacturing overhead costs and 5,000 direct labor hours for the coming year. In December, Velton's controller reported actual manufacturing overhead incurred of $320,000 and 4,900 direct labor hours used during the year. (a) What is Velton's predetermined overhead rate for the year? $ per direct labor hour Predetermined overhead rate Attempts: 0 of 1 used Save for Later Check