me: 08:51 PM / Remaining: 65 min. CALCULATOR PRINTER VE Practice Brief Exercise 01 a-b Swifty Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Overhead cost Machine hours Direct labor hours Budgeted $1,122,000 56,200 102,000 Actual $1,092,000 48,700 98,000 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 Determine the amount of overhead applied for the year. Amount of overhead applied Question Attempts: 0 of 1 used SAVE FOR