3 pts At the beginning of October, Horvath Company had 2 jobs in process, Job 101 & Job 102, with the following cost info: Job 101 Job 102 Direct materials Direct labor Applied overhead Balance, October 1 $1,200 $3,000 5.100 1,500 780 1.950 $7.000 $6.459 Overhead is applied on the basis of direct materials.cost charged to each job. Which of the following is closest to the predetermined overhead rate used by Horvath Company? $0.15 $0.65 $1.30 O $1.54 3 pts At the beginning of October, Horvath Company had 2 jobs in process, Job 101 & Job 102, with the following cost info: Job 101 Job 102 Direct materials Direct labor Applied overhead Balance, October 1 $1,200 $3,000 5.100 1,500 780 1.950 $7.000 $6.459 Overhead is applied on the basis of direct materials.cost charged to each job. Which of the following is closest to the predetermined overhead rate used by Horvath Company? $0.15 $0.65 $1.30 O $1.54