Velton Corporation produces toddlers' plastic slides. In preparing the current budget, Velton's manageement 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) Your answer has been saved. See score details after the due date. What is Velton's predetermined overhead rate for the year? $ Predetermined overhead rate per direct labor hour 60 Attempts: 1 of 1 used (b) How much manufacturing overhead did Velton apply during the year? $ Applied manufacturing overhead