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The Oekwan Company manutactures products in two departments: Micing and Packaging. The company allocales manufacturing overheod ising a single plantwide rate with direct labor hours as the alocation bese. Extimated everhead costs for the year are 5810,000 , and ertimated direct labor hours aco 360,000 . In October, the company incurred 20,000 direct isbor heurt. Read the requisements Requirement 1. Compute the predetermined everhead diocation rate. Reund to two decimal places. Requirement 2. Delermine the amount of eventead alocated in October. Begin by selecting the formila to dlocwe overhead costs. The Oskman Company manufactures products in two the allocation base. Estimated overhoad costs for the Read the requirements. Requirements 1. Compute the predetermined overhend allocation rate. Round to two decimal placos. 2. Determine the amount of overhend allocated in October. Requirement 1. Compute the predetermined overhes Begin by selecting the formula to calculate the prodet The Oakran Company manufactures products in two departments: Miang and Packaging. The company allocales manutacturing ovectioad using a single plantwide rale with direct labor hours as the alocation base. Estimated overtwod costs for the year are 5810,000 , and estimased direct labor hours are 360,000 , in October, the company hourred 20,000 direct labor hours. Read the requirements. Requirement 1. Compute the presstermined ovechead allocation rate. Round to two decima places. Begin by selecting the formula to calculate the predetermined oreinead (OH) alocation rale. Thea enter the amounts to compute bie allocation rate. Requirement 2. Determine the amount of overtead albcated in Ociober. Begin by seiecting the formula to alocate overhead costs