Calculating predetermined overhead allocation rate, allocating overhead Rosco Company estimates the company will incur $80,750 in overhead costs and 4750 direct labor hours during the year. Actual...

Calculating predetermined overhead allocation rate, allocating overhead

Rosco Company estimates the company will incur $80,750 in overhead costs and 4750 direct labor hours during the year. Actual direct labor hours were 4,600. Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base, and prepare the journal entry for the allocation of overhead.