Based on the following, calculate the pre-determined overhead rate.

Summer 20 Company allocates overhead using a single plant wide rate with direct labor cost as the base. The company manufactures two types of suitcases, Basic and Plus.

Total estimated overhead cost for the year					$35,000
Estimates for the year				Basic	Plus
Direct Materials cost per unit				$35	$42
Direct Labor cost per unit				$52	$61
Number of units				530	380

		35.22%
		68.98%
		144.97%
		34.04%