Patel Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required. (Click the icon to view the costs.) Read the requirements Requirement 1. Compute Patel's predetermined overhead allocation rate. Predetermined overhead allocation rate per machine hour Choose from any list or enter any number in the input fields and then click Check Answer E17-20 (similar to) Patel Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required. (Click the icon to view the costs.) Read the requirements i Data Table Requirement 1. Compute Patel's predetermined overhead allocation rate. At the beginning of 2018, the company expected to incur the following: Manufacturing overhead costs $ 880,000 Direct labor costs 1,520,000 Machine hours 80 000 hours Actual machine hours Actual overhead cost Estimated machine hours Estimated overhead cost At the end of 2018, the company had actually incurred: $ Direct labor costs Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitor's wages Machine hours 1.210,000 570,000 36.000 30,000 25.000 23.000 82.000 hours Print Done Choose from any list or enter any number in the input fields and then click Check