ABC Company had the following estimated costs for 2022: Direct materials .................... $28,000 Direct labor ........................ $22,000 Advertising expense ................. $15,000 Rent on factory building ............ $13,000 Depreciation on factory equipment ... $11,000 Indirect materials .................. $10,000 Sales commissions ................... $28,000 Production supervisor's salary ...... $40,000 Insurance on factory equipment ...... $16,000 ABC Company estimates that 24,000 machine hours will be used during 2022. Calculate ABC Company's 2022 pre-determined overhead rate based on machine hours. 

Question 1 3.5 pts ABC Company had the following estimated costs for 2022: Direct materials Direct labor Advertising expense Rent on factory building Depreciation on factory equipment Indirect materials Sales commissions Production supervisor's salary Insurance on factory equipment $28,000 $22,000 $15,000 $13,000 $11,000 $10,000 $28,000 $40,000 $16,000 ABC Company estimates that 24,000 machine hours will be used during 2022. Calculate ABC Company's 2022 pre-determined overhead rate based on machine hours. 89,000