Assume a company had nojobs in progress at the beginning ofJuly and no beginning inventories. It started and completed only twojobs during JulyiJob Y and Job Z. The company uses a plan'twide predeterr overhead rate based on direct laborehours. The following additional information from the month ofJuly is available for the company as a whole and for Jobs 'r' and Z: Estimated total fixed manufacturing overhead $ 16,888 Estimated variable manufacturing overhead per direct laborihour $ 3.88 Estimated total direct labor hours to be worked 2,888 Total actual manufacturing overhead costs incurred $ 12,888 Job Y Job 2 Direct materials $ 13,888 $ 8,888 Direct labor cost $ 21,889 $ 7,588 Actual direct labor hours worked 1,488 588 What is the plantwicle predetermined overhead rate? Multiple Choice 0 $14 00 $8.00 0 0 $1100 0 $5.00