Use the following information for the next 2 questions. 
O'Hare Sisters Manufacturing uses job costing and applies overhead using a normal costing system using direct labor hours as the allocation base. This period's estimated overhead cost is $400,000, estimated direct labor cost is $500,000 and estimated direct labor hours are 25,000. This period actual overhead cost was $420,000, actual direct labor cost was $390,000, and actual direct labor hours were 20,000.
-What is the overhead allocation rate?
Definitions:
CPM
Stands for Cost Per Thousand impressions, a metric used in advertising to denote the price of 1,000 advertisement impressions on one webpage.
Reach
The total number of individuals or entities exposed to a particular marketing message or campaign within a specified period.
Rating
The percentage of households in a market that are tuned to a particular TV show or radio station.
Share
A unit of ownership interest in a corporation or financial asset, allowing the shareholder to claim a part of the company's assets and earnings.
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