View Policies Show Attempt History Current Attempt in Progress Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information Estimated wheels produced Car Truck 40,000 11,000 Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $846,800 (a1) Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, eg 12.25) Overhead rate 1160 per direct labor hour