Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct lab

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Privack Corporation has a standard cost system in which itapplies overhead to products based on the standard directlabor-hours allowed for the actual output of the period. Dataconcerning the most recent year appear below:
Required:
1. Compute the predetermined overhead rate for the year. Be sureto include the total budgeted fixed overhead and the total budgetedvariable overhead in the numerator of yourrate. (Round your intermediate calculations and finalanswer to the nearest whole dollar amount.)
2. Compute the amount of overhead that would be applied to theoutput of the period. (Round your intermediatecalculations and final answer to the nearest whole dollaramount.)