4. Assigned direct materials and direct labor to jobs as follows. Job No. Direct Materials Direct Labor 50 $8,200 $4,100 51 31,980 20,500 52 24,600 16,400 5. Assigned indirect materials of $13,940 and indirect labor of $16,400. Calculate the predetermined overhead rate for 2022, assuming Crane Company estimates total manufacturing overhead costs of $688,800, direct labor costs of $574,000, and direct labor hours of 16,400 for the year. Predetermined overhead rate 120 %