Calculate the overhead rate using traditional approach. (Round answer to 2 decimal places, e. g. 12.25.) Overhead rates using the traditional approach $Entry field with correct answer 2.1 per direct labor hour SHOW SOLUTION LINK TO TEXT LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming direct labor hours were incurred evenly between the wool and cotton? Wool product line Cotton product line Overhead Allocated $Entry field with incorrect answer now contains modified data $Entry field with incorrect answer now contains modified data