A manufacturer estimates total factory overhead costs of $5,082,000 and total direct labor costs of $2,310,000 for its first year of operations. During January, the company used $110,000 of direct labor cost in its Blending department and $75,000 of direct labor cost in its Bottling department. Compute the predetermined overhead rate as a percentage of direct labor cost.

Blending department and $75,000 of direct labor cost in its Bottling department. Compute the predetermined overhead rate as a percentage of direct labor cost. Multiple Choice 45%. 147%. 220%. 120%. 68%