Compute the predetermined overhead rate (Round answer to 2 decimal places, eg. 15.25.) Predetermined overhead rate $ per direct labor hour Calculate the amount of applied manufacturing overhead. Applied manufacturing overhead $ Current Aprogress Oriole Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year follows: $ 88,000 Actual manufacturing overhead Estimated manufacturing overhead Direct labor hours incurred $82,500 4,800 Direct labor hours estimated 5,000 Compute the predetermined overhead rate. (Round answer to 2 decimal places, eg. 15.25) $ Predetermined overhead rate per direct labor hour