7.5/15 III current Attempt in Progress Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Overhead cost Machine hours Direct labor hours Budgeted $1,281,000 58,400 105,000 Actual $1,256,000 48,100 99,900 Overhead is applied on the basis of direct labor hours. (a) Your answer is correct. Compute the predetermined overhead rate. (Round answer to 2 decimal places, eg. 12.25.) 12.2 Predetermined overhead rate per direct labor hour e Textbook and Media Attempts: unlimited Compute the predetermined overhead rate. (Round answer to 2 decimal places, eg. 12.25.) Predetermined overhead rate 12.2 per direct labor hour e Textbook and Media Attempts: unlimite (b) Determine the amount of overhead applied forthe year. Amount of overhead applied $ e Textbook and Media Attempts: unlimited Submit Answer Save for Later MacBook Pro