Novak Contracting Company builds additions and remodels homes. The firm's pricing policy is to estimate the direct costs of the job, allocate overhead as a percentage of the direct costs, and then add 60% to this as profit. For the next year, direct costs are estimated at $8,729,000 and overhead costs are estimated at $11,522,280. Determine the company's overhead allocation rate. (Round answer to 0 decimal places, e.g. 25%.) Overhead allocation rate % LINK TO TEXT LINK TO TEXT Calculate the price that will be quoted to a customer for a remodelling job that is expected to have direct materials costs of $27,000 and direct labour costs of $16,000. Price qoute LINK TO TEXT LINK TO TEXT If actual direct costs next year are $7,940,000, what would be the amount of overapplied or underapplied overhead? Overhead