Arabica Manufacturing uses a predetermined overhead allocation rate based on the number of machine hours. At the beginning of the year, it estimated total manufacturing overhead costs to be $1,050,000, total number of direct labor hours to be 4,000 , and total number of machine hours to be 21,000 hours. What was the predetermined overhead allocation rate? (Round your answer to the nearest cent.) Arabica Manufacturing uses a predetermined overhead allocation rate based on the number of machine hours. At the beginning of the year, it estimated total manufacturing overhead costs to be $1,050,000, total number of direct labor hours to be 4,000 , and total number of machine hours to be 21,000 hours. What was the predetermined overhead allocation rate? (Round your answer to the nearest cent.) $61.76 per direct labor hour $262.50 Per machine hour $42.00 Per direct labor hour $ 50.00 per machine hour