Current Attempt in Progress Crane Corporation allocates overhead based on direct labor cost. Assume Crane expects to incur a total of $$1039500$ in overhead costs and $$825000$ in direct labor costs. Actual overhead costs incurred totaled $$1050000$ and actual direct labor costs totaled $$810000.$ Crane$$s predetermined overhead rate is closest to Select answer from the options below $99\%$ of direct labor cost. $128\%$ of direct labor cost. $126\%$ of direct labor cost. $100\%$ of direct labor cost. Save for Later Attempts: $0$ of $1$ used Submit Answer