Assume a company has two manutacturing departments $-$ Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data relates to one particular job completed during the year$-$ Job ZBudgeted DataManufacturing overhead costsDirect labor hoursMachine hours$ $300,00025,0010\mathrm{.}000$Fabrication$400\mathrm{.}00015,00050,000$Job zDirect labor hoursmachine hoursAssembly$10$ hours$1$ hourFabrication$2$ houns$7$ hoursAssume the company uses departmental predetermined overhead rates. It uses direct labor$-$hours as the allocation base in Assembly and machine$-$hours as the allocation base in Fabrication. What is the predetermined overhead rate in the Fabrication Department?Multiple Choice$$7\mathrm{.}60$$$7\mathrm{.}92$$$8\mathrm{.}00$$$8\mathrm{.}60$