A company expected its annual overhead costs to be $270,000 and direct labor costs to be $150,000. Actual overhead was $265,000, and actual labor costs totaled $160,000. How much is the company's predetermined overhead rate rounded to two decimal places? (HINT: Think of the formula for predetermined overhead rate.) O $1.77 O $1.80 O $1.69 O $1.66 A company expected its annual overhead costs to be $270,000 and direct labor costs to be $150,000. Actual overhead was $265,000, and actual labor costs totaled $160,000. How much is the company's predetermined overhead rate rounded to two decimal places? (HINT: Think of the formula for predetermined overhead rate.) O $1.77 O $1.80 O $1.69 O $1.66