Exercise 10A-3 Applying Overhead in a Standard Costing System [L010-4] Privack Corporation has a standard cost system in which it applies overhead to products based on the standard dircct labor hours allowed for the actual output of the period. Data concerning the moot recent year appea' below Required: 1. Compute the predetermined overhead rate for the year (Round your answers to the nearest whole number.) Determine the amount of overhead that would be applied to the output of the period. (Round your answers to the nearest whole number.)