Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Budgeted Actual 1, Overhead cost Machine hours Direct labor hours 57,800 101,000 $1,4,AO 47,700 96,700 Overhead is applied on the basis of direct labor hours. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate per direct labor hour LINK TO TEXT Determine the amount of overhead applied for the year. Amount of overhead applied s