Question: A company allocates overhead based on direct labor hours. Manufacturing overhead was estimated to be $4,100,000, and the company anticipated working 325,000 direct labor hours.

A company allocates overhead based on direct labor hours. Manufacturing overhead was estimated to be $4,100,000, and the company anticipated working 325,000 direct labor hours. Actual manufacturing overhead costs were $3,910,000, and actual direct labor hours worked were 324,200. What is the predetermined overhead allocation rate (rounded to the nearest cent)? How much overhead was allocated for the year (rounded to the nearest dollar)?

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