Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Budgeted Actual Overhead cost $ 1,522,610 $ 1,494,610 Machine hours 58,000 49,600 Direct labor hours 107,000 102,500 Overhead is applied on the basis of direct labor hours. (a) Your Answer Correct Answer Your answer is correct. Compute the predetermined overhead rate. (Round answer to 2 decimal places, eg. 12.25.) Predetermined overhead rate $ 14.23 per direct labor hour Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate $ 14.23 per direct labor hour e Textbook and Media Solution Attempts: unlimited (b) Determine the amount of overhead applied for the year. Amount of overhead applied $ e Textbook and Media